COMMUNITY TRUST & INVESTMENT CO Activity Q4 1999-Q3 2023

Q3 2023

			Value		Shares		↓ Weighting
CTBI	Buy	COMMUNITY TR BANCORP INC	$70,243,996	-2.8%	2,050,321	+1.0%	5.87%	+1.3%
MSFT	Buy	MICROSOFT CORP	$67,486,293	-3.0%	213,733	+4.6%	5.64%	+1.1%
AAPL	Sell	APPLE INC	$65,017,691	-13.7%	379,755	-2.2%	5.43%	-10.0%
GOOG	Buy	ALPHABET INC	$54,788,191	+9.2%	415,534	+0.2%	4.58%	+13.8%
AMZN	Sell	AMAZON COM INC SR	$43,623,004	-6.2%	343,164	-3.8%	3.64%	-2.3%
UNH	Buy	UNITEDHEALTH GROUP INC	$29,772,916	+8.1%	59,051	+3.1%	2.49%	+12.7%
V	Buy	VISA INC	$29,191,661	-2.9%	126,915	+0.3%	2.44%	+1.2%
AVGO	Sell	BROADCOM INC COM	$28,654,169	-14.2%	34,500	-10.4%	2.39%	-10.6%
ATVI	Sell	ACTIVISION BLIZZARD INC	$26,568,275	+10.5%	283,758	-0.5%	2.22%	+15.1%
JPM	Sell	JP MORGAN CHASE & CO	$25,801,668	-0.6%	177,918	-0.3%	2.16%	+3.7%
NVDA	Buy	NVIDIA CORP	$24,949,379	+17.4%	57,356	+14.2%	2.08%	+22.4%
LNG	Sell	CHENIERE ENERGY INC	$22,178,879	+8.9%	133,640	-0.0%	1.85%	+13.5%
PANW	Buy	PALO ALTO NETWORKS INC	$21,837,600	-6.4%	93,148	+2.0%	1.82%	-2.5%
PH	Sell	PARKER HANNIFIN CORP	$21,830,649	-0.7%	56,045	-0.5%	1.82%	+3.5%
WMT	Sell	WALMART INC	$20,756,033	+1.7%	129,782	-0.1%	1.73%	+6.0%
	Sell	LINDE PLCforeign stock	$20,748,479	-2.3%	55,723	-0.1%	1.73%	+1.8%
HON	Buy	HONEYWELL INTERNATIONAL INC	$18,565,267	-10.5%	100,494	+0.5%	1.55%	-6.7%
BRKB	Buy	BERKSHIRE HATHAWAY INC	$18,296,551	+2.8%	52,231	+0.0%	1.53%	+7.1%
CVX	Buy	CHEVRON CORP	$18,161,072	+7.7%	107,704	+0.5%	1.52%	+12.3%
PG	Sell	PROCTER & GAMBLE CO	$17,999,857	-4.3%	123,405	-0.4%	1.50%	-0.2%
CVS	Buy	CVS HEALTH CORPORATION	$17,780,031	+5.9%	254,655	+4.9%	1.49%	+10.4%
MBB	Sell	ISHARES MBS (MKT)mutual funds/fi	$17,708,853	-6.2%	199,424	-1.4%	1.48%	-2.2%
FB	Sell	META PLATFORMS INC	$17,211,039	+4.3%	57,330	-0.3%	1.44%	+8.7%
PXD	Sell	PIONEER NATURAL RESOURCES CO	$17,037,213	-10.1%	74,220	-18.9%	1.42%	-6.3%
XLU	Buy	UTILITIES SELECT SECTOR SPDRRmutual funds/eq	$16,965,539	-8.7%	287,893	+1.3%	1.42%	-4.9%
CRM	Buy	SALESFORCE	$16,844,942	+7.9%	83,070	+12.4%	1.41%	+12.5%
TJX	Buy	TJX COS INC NEW	$16,658,336	+4.9%	187,425	+0.1%	1.39%	+9.3%
VNQ	Buy	VANGUARD REAL ESTATE ETFmutual funds/eq	$16,005,282	-3.7%	211,542	+6.4%	1.34%	+0.4%
KEYS	Buy	KEYSIGHT TECHNOLOGIES INC	$15,284,581	+7.8%	115,521	+36.5%	1.28%	+12.4%
ZTS	Buy	ZOETIS INC	$15,262,271	+1.3%	87,724	+0.2%	1.28%	+5.5%
TMO	Buy	THERMO FISHER SCIENTIFIC INC	$15,234,747	+2.4%	30,098	+5.6%	1.27%	+6.7%
JNJ	Buy	JOHNSON & JOHNSON	$14,870,955	-5.8%	95,479	+0.1%	1.24%	-1.8%
IQV	Buy	IQVIA HOLDING INC	$14,550,164	-9.6%	73,952	+3.3%	1.22%	-5.7%
AMD	New	ADVANCED MICRO DEVICES INC	$14,495,262	–	140,977	–	1.21%	–
ICE	Buy	INTERCONTINENTAL EXCHANGE INC	$13,976,050	-2.2%	127,032	+0.6%	1.17%	+2.0%
MTZ	Buy	MASTEC INC	$12,824,538	-21.1%	178,193	+29.4%	1.07%	-17.7%
CHDN	Buy	CHURCHILL DOWNS INC	$12,626,083	+31.4%	108,808	+57.6%	1.06%	+37.0%
HCA	Buy	HCA HEALTHCARE INC	$12,155,184	-18.7%	49,415	+0.3%	1.02%	-15.3%
BSX	Buy	BOSTON SCIENTIFIC CORP	$11,996,415	-1.5%	227,205	+0.9%	1.00%	+2.6%
AZN	Buy	ASTRAZENECA PLCforeign stock	$11,610,249	-4.3%	171,445	+1.2%	0.97%	-0.2%
LOW	Buy	LOWES COMPANIES INC	$11,593,319	-7.2%	55,780	+0.8%	0.97%	-3.3%
APH	Buy	AMPHENOL CORP	$11,469,073	+12.3%	136,552	+13.6%	0.96%	+17.0%
LHX	Buy	L3HARRIS TECHNOLOGIES INC COM	$10,883,888	-9.8%	62,508	+1.4%	0.91%	-6.1%
COST	Buy	COSTCO WHOLESALE CORP	$10,565,953	+5.4%	18,702	+0.4%	0.88%	+9.8%
RTX	Buy	RTX CORPORATION	$10,517,698	-25.4%	146,140	+1.6%	0.88%	-22.2%
MDLZ	Buy	MONDELEZ INTL INC	$10,495,356	-1.7%	151,230	+3.3%	0.88%	+2.5%
PEP	Buy	PEPSICO INC	$9,664,684	-7.8%	57,039	+0.8%	0.81%	-3.8%
EQH	Buy	EQUITABLE HLDGS INC	$9,563,546	+5.6%	336,863	+1.0%	0.80%	+10.1%
LEVI	Buy	LEVI STRAUSS & CO	$9,465,478	-5.6%	697,016	+0.3%	0.79%	-1.6%
DAR	Buy	DARLING INGREDIENTS, INC	$9,438,378	-15.1%	180,812	+3.7%	0.79%	-11.5%
SYF	Buy	SYNCHRONY FINL	$8,752,656	-9.1%	286,315	+0.8%	0.73%	-5.3%
CCK	Sell	CROWN HOLDINGS INC	$8,595,671	+1.4%	97,148	-0.5%	0.72%	+5.6%
PYPL	Buy	PAYPAL HLDGS INC	$8,228,073	-11.8%	140,747	+0.6%	0.69%	-8.0%
NKE	Buy	NIKE INC	$8,087,272	-12.0%	84,577	+1.6%	0.68%	-8.3%
NEE	Buy	NEXTERA ENERGY INC	$6,384,463	-20.6%	111,441	+2.9%	0.53%	-17.4%
AMGN	Sell	AMGEN INC	$3,600,850	+17.8%	13,398	-2.7%	0.30%	+22.9%
HD	Sell	HOME DEPOT INC	$3,569,119	-4.6%	11,812	-1.9%	0.30%	-0.7%
IEI	Buy	ISHARES 3-7 YEAR TREASURY BONDmutual funds/fi	$3,481,033	+2.1%	30,762	+4.0%	0.29%	+6.6%
ABBV	Sell	ABBVIE INC	$3,371,886	+9.3%	22,621	-1.2%	0.28%	+14.2%
UNP	Sell	UNION PACIFIC CORP	$3,334,236	-2.6%	16,374	-2.1%	0.28%	+1.5%
BP	Sell	BP PLCforeign stock	$3,137,872	+7.2%	81,040	-2.3%	0.26%	+11.5%
MET	Sell	METLIFE INC	$3,140,344	+7.8%	49,918	-3.2%	0.26%	+12.0%
CSCO	Sell	CISCO SYSTEMS INC	$3,082,705	+1.6%	57,342	-2.2%	0.26%	+6.2%
CMCSA	Sell	COMCAST CORP	$3,056,847	+4.8%	68,941	-1.8%	0.26%	+9.0%
MRK	Buy	MERCK & CO INC	$3,025,599	-10.6%	29,389	+0.2%	0.25%	-6.6%
ARCC	Sell	ARES CAPITAL CORP	$2,960,633	+1.4%	152,061	-2.2%	0.25%	+5.6%
VLO	Sell	VALERO ENERGY CORP NEW	$2,787,439	-6.7%	19,670	-22.7%	0.23%	-2.5%
BX	Sell	BLACKSTONE GROUP INC	$2,788,748	-8.9%	26,029	-21.0%	0.23%	-5.3%
T	Sell	AT&T INC	$2,778,204	-8.5%	184,967	-2.8%	0.23%	-4.5%
AEP	Sell	AMERICAN ELECTRIC POWER CO INC	$2,759,151	-12.1%	36,681	-1.6%	0.23%	-8.3%
PM	Sell	PHILIP MORRIS INTERNATIONAL INC	$2,752,682	-7.0%	29,733	-2.0%	0.23%	-3.0%
XLRE	Sell	THE REAL ESTATE SELECTmutual funds/eq	$2,726,517	-11.1%	80,027	-1.6%	0.23%	-7.3%
KO	Sell	COCA-COLA CO	$2,690,789	-9.3%	48,067	-2.4%	0.22%	-5.5%
MCD	Sell	MCDONALDS CORP	$2,656,005	-13.1%	10,082	-1.5%	0.22%	-9.4%
NI	New	NISOURCE INC	$2,643,993	–	107,131	–	0.22%	–
MS	Sell	MORGAN STANLEY	$2,639,907	-6.3%	32,324	-2.0%	0.22%	-2.2%
PLD	Sell	PROLOGIS INC	$2,610,566	-10.4%	23,265	-2.1%	0.22%	-6.8%
QCOM	Buy	QUALCOMM INC	$2,606,573	-6.7%	23,470	+0.0%	0.22%	-2.7%
MDT	Sell	MEDTRONIC PLCforeign stock	$2,608,920	-13.2%	33,294	-2.4%	0.22%	-9.5%
AMT	New	AMERICAN TOWER CORP	$2,581,704	–	15,699	–	0.22%	–
SPGI	Sell	S&P GLOBAL INC	$2,575,410	-11.2%	7,048	-2.6%	0.22%	-7.7%
VICI	Sell	VICI PPTYS INC	$2,529,057	-9.0%	86,909	-1.8%	0.21%	-5.4%
PFE	Sell	PFIZER INC	$2,397,001	-11.0%	72,264	-1.6%	0.20%	-7.4%
O	Sell	REALTY INCOME CORP	$2,271,619	-17.8%	45,487	-1.6%	0.19%	-14.4%
SHY	Buy	ISHARES 1-3 YEAR TREASURY BONDmutual funds/fi	$2,123,106	+1.6%	26,221	+1.7%	0.18%	+5.4%
GSIE	Buy	GOLDMAN SACHS ACTIVEBETAmutual funds/eq	$2,117,054	-3.9%	70,498	+0.3%	0.18%	0.0%
TGT	Buy	TARGET CORP	$1,941,171	-16.1%	17,556	+0.1%	0.16%	-12.4%
XLE	Buy	ENERGY SELECT SECTOR SPDRR (MKT)mutual funds/eq	$860,602	+18.1%	9,521	+6.1%	0.07%	+24.1%
UPS	Buy	UNITED PARCEL SERVICE	$826,579	-7.8%	5,303	+6.1%	0.07%	-4.2%
FDVV	New	FIDELITY HIGH DIVIDmutual funds/eq	$653,601	–	16,937	–	0.06%	–
VYM	New	VANGUARD HIGH DIVIDEND YIELDmutual funds/eq	$566,608	–	5,484	–	0.05%	–
DIS	Sell	WALT DISNEY CO	$516,128	-96.6%	6,368	-96.3%	0.04%	-96.5%
GOOGL	Buy	ALPHABET INC	$472,796	+86.9%	3,613	+71.0%	0.04%	+100.0%
TFC	Buy	TRUIST FINL CORP	$416,018	-3.3%	14,541	+2.6%	0.04%	+2.9%
XOM	Sell	EXXON MOBIL CORP	$311,940	-11.3%	2,653	-19.1%	0.03%	-7.1%
DGRO	New	ISHARES CORE DIVIDEND GROWTHmutual funds/eq	$281,131	–	5,676	–	0.02%	–
BA	Buy	BOEING CO	$253,400	-4.4%	1,322	+5.3%	0.02%	0.0%
BAC	Sell	BANK OF AMERICA CORP	$227,775	-12.1%	8,319	-7.9%	0.02%	-9.5%
ASG	New	LIBERTY ALL-STAR GROWTH FUND INCmutual funds/eq	$66,567	–	13,475	–	0.01%	–
ORCL	Exit	ORACLE CORP	$0	–	-1,750	–	-0.02%	–
USB	Exit	US BANCORP DEL	$0	–	-6,713	–	-0.02%	–
EMN	Exit	EASTMAN CHEMICAL CO	$0	–	-34,141	–	-0.23%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-79,541	–	-0.24%	–
LPLA	Exit	LPL FINL HLDGS INC	$0	–	-39,381	–	-0.69%	–
LITE	Exit	LUMENTUM HLDGS INC	$0	–	-153,597	–	-0.70%	–

Q2 2023

			Value		Shares		↓ Weighting
AAPL	New	APPLE INC	$75,340,485	–	388,414	–	6.04%	–
CTBI	New	COMMUNITY TR BANCORP INC	$72,241,504	–	2,030,967	–	5.79%	–
MSFT	New	MICROSOFT CORP	$69,557,024	–	204,255	–	5.58%	–
GOOG	New	ALPHABET INC	$50,168,547	–	414,719	–	4.02%	–
AMZN	New	AMAZON COM INC SR	$46,521,172	–	356,867	–	3.73%	–
AVGO	New	BROADCOM INC COM	$33,386,511	–	38,490	–	2.68%	–
V	New	VISA INC	$30,056,180	–	126,563	–	2.41%	–
UNH	New	UNITEDHEALTH GROUP INC	$27,539,696	–	57,298	–	2.21%	–
JPM	New	JP MORGAN CHASE & CO	$25,950,277	–	178,426	–	2.08%	–
ATVI	New	ACTIVISION BLIZZARD INC	$24,050,319	–	285,294	–	1.93%	–
PANW	New	PALO ALTO NETWORKS INC	$23,335,997	–	91,331	–	1.87%	–
PH	New	PARKER HANNIFIN CORP	$21,979,512	–	56,352	–	1.76%	–
NVDA	New	NVIDIA CORP	$21,248,666	–	50,231	–	1.70%	–
	New	LINDE PLCforeign stock	$21,247,119	–	55,755	–	1.70%	–
HON	New	HONEYWELL INTERNATIONAL INC	$20,740,256	–	99,952	–	1.66%	–
WMT	New	WALMART INC	$20,410,938	–	129,857	–	1.64%	–
LNG	New	CHENIERE ENERGY INC	$20,362,465	–	133,647	–	1.63%	–
PXD	New	PIONEER NATURAL RESOURCES CO	$18,949,731	–	91,465	–	1.52%	–
MBB	New	ISHARES MBS (MKT)mutual funds/fi	$18,871,144	–	202,339	–	1.51%	–
PG	New	PROCTER & GAMBLE CO	$18,799,218	–	123,891	–	1.51%	–
XLU	New	UTILITIES SELECT SECTOR SPDRRmutual funds/eq	$18,591,898	–	284,106	–	1.49%	–
BRKB	New	BERKSHIRE HATHAWAY INC	$17,806,679	–	52,219	–	1.43%	–
CVX	New	CHEVRON CORP	$16,864,806	–	107,180	–	1.35%	–
CVS	New	CVS HEALTH CORPORATION	$16,787,871	–	242,845	–	1.35%	–
VNQ	New	VANGUARD REAL ESTATE ETFmutual funds/eq	$16,616,244	–	198,854	–	1.33%	–
FB	New	META PLATFORMS INC	$16,496,827	–	57,484	–	1.32%	–
MTZ	New	MASTEC INC	$16,246,002	–	137,713	–	1.30%	–
IQV	New	IQVIA HOLDING INC	$16,091,714	–	71,592	–	1.29%	–
TJX	New	TJX COS INC NEW	$15,877,360	–	187,255	–	1.27%	–
JNJ	New	JOHNSON & JOHNSON	$15,785,785	–	95,371	–	1.27%	–
CRM	New	SALESFORCE	$15,616,550	–	73,921	–	1.25%	–
DIS	New	WALT DISNEY CO	$15,375,179	–	172,213	–	1.23%	–
ZTS	New	ZOETIS INC	$15,070,785	–	87,514	–	1.21%	–
HCA	New	HCA HEALTHCARE INC	$14,952,451	–	49,270	–	1.20%	–
TMO	New	THERMO FISHER SCIENTIFIC INC	$14,876,213	–	28,512	–	1.19%	–
ICE	New	INTERCONTINENTAL EXCHANGE INC	$14,284,159	–	126,319	–	1.14%	–
KEYS	New	KEYSIGHT TECHNOLOGIES INC	$14,175,500	–	84,655	–	1.14%	–
RTX	New	RAYTHEON TECHNOLOGIES CORP	$14,097,315	–	143,909	–	1.13%	–
LOW	New	LOWES COMPANIES INC	$12,495,693	–	55,364	–	1.00%	–
BSX	New	BOSTON SCIENTIFIC CORP	$12,185,186	–	225,276	–	0.98%	–
AZN	New	ASTRAZENECA PLCforeign stock	$12,130,126	–	169,486	–	0.97%	–
LHX	New	L3HARRIS TECHNOLOGIES INC COM	$12,072,138	–	61,665	–	0.97%	–
DAR	New	DARLING INGREDIENTS, INC	$11,122,230	–	174,357	–	0.89%	–
MDLZ	New	MONDELEZ INTL INC	$10,681,639	–	146,444	–	0.86%	–
PEP	New	PEPSICO INC	$10,479,022	–	56,576	–	0.84%	–
APH	New	AMPHENOL CORP	$10,212,357	–	120,216	–	0.82%	–
LEVI	New	LEVI STRAUSS & CO	$10,029,135	–	695,019	–	0.80%	–
COST	New	COSTCO WHOLESALE CORP	$10,025,205	–	18,621	–	0.80%	–
SYF	New	SYNCHRONY FINL	$9,629,953	–	283,902	–	0.77%	–
CHDN	New	CHURCHILL DOWNS INC	$9,610,255	–	69,054	–	0.77%	–
PYPL	New	PAYPAL HLDGS INC	$9,332,997	–	139,862	–	0.75%	–
NKE	New	NIKE INC	$9,190,186	–	83,267	–	0.74%	–
EQH	New	EQUITABLE HLDGS INC	$9,055,558	–	333,415	–	0.73%	–
LITE	New	LUMENTUM HLDGS INC	$8,713,569	–	153,597	–	0.70%	–
LPLA	New	LPL FINL HLDGS INC	$8,562,612	–	39,381	–	0.69%	–
CCK	New	CROWN HOLDINGS INC	$8,479,031	–	97,606	–	0.68%	–
NEE	New	NEXTERA ENERGY INC	$8,039,416	–	108,348	–	0.64%	–
PEBO	New	PEOPLES BANCORP INC	$4,865,261	–	183,249	–	0.39%	–
HD	New	HOME DEPOT INC	$3,741,966	–	12,046	–	0.30%	–
UNP	New	UNION PACIFIC CORP	$3,423,915	–	16,733	–	0.28%	–
IEI	New	ISHARES 3-7 YEAR TREASURY BONDmutual funds/fi	$3,409,400	–	29,580	–	0.27%	–
MRK	New	MERCK & CO INC	$3,385,770	–	29,342	–	0.27%	–
AEP	New	AMERICAN ELECTRIC POWER CO INC	$3,139,231	–	37,283	–	0.25%	–
ABBV	New	ABBVIE INC	$3,085,584	–	22,902	–	0.25%	–
BX	New	BLACKSTONE GROUP INC	$3,062,519	–	32,941	–	0.25%	–
XLRE	New	THE REAL ESTATE SELECTmutual funds/eq	$3,066,085	–	81,350	–	0.25%	–
AMGN	New	AMGEN INC	$3,057,659	–	13,772	–	0.24%	–
MCD	New	MCDONALDS CORP	$3,055,720	–	10,240	–	0.24%	–
CSCO	New	CISCO SYSTEMS INC	$3,034,551	–	58,650	–	0.24%	–
T	New	AT&T INC	$3,036,325	–	190,365	–	0.24%	–
MDT	New	MEDTRONIC PLCforeign stock	$3,006,864	–	34,130	–	0.24%	–
VLO	New	VALERO ENERGY CORP NEW	$2,986,229	–	25,458	–	0.24%	–
KO	New	COCA-COLA CO	$2,965,716	–	49,248	–	0.24%	–
VZ	New	VERIZON COMMUNICATIONS INC	$2,958,133	–	79,541	–	0.24%	–
PM	New	PHILIP MORRIS INTERNATIONAL INC	$2,961,209	–	30,334	–	0.24%	–
BP	New	BP PLCforeign stock	$2,928,050	–	82,971	–	0.24%	–
CMCSA	New	COMCAST CORP	$2,916,186	–	70,185	–	0.23%	–
MET	New	METLIFE INC	$2,914,343	–	51,554	–	0.23%	–
ARCC	New	ARES CAPITAL CORP	$2,921,169	–	155,464	–	0.23%	–
PLD	New	PROLOGIS INC	$2,913,690	–	23,760	–	0.23%	–
SPGI	New	S&P GLOBAL INC	$2,900,039	–	7,234	–	0.23%	–
EMN	New	EASTMAN CHEMICAL CO	$2,858,282	–	34,141	–	0.23%	–
MS	New	MORGAN STANLEY	$2,816,323	–	32,978	–	0.23%	–
QCOM	New	QUALCOMM INC	$2,793,040	–	23,463	–	0.22%	–
VICI	New	VICI PPTYS INC	$2,780,204	–	88,457	–	0.22%	–
O	New	REALTY INCOME CORP	$2,762,955	–	46,211	–	0.22%	–
PFE	New	PFIZER INC	$2,694,661	–	73,464	–	0.22%	–
TGT	New	TARGET CORP	$2,312,738	–	17,534	–	0.18%	–
GSIE	New	GOLDMAN SACHS ACTIVEBETAmutual funds/eq	$2,203,405	–	70,284	–	0.18%	–
SHY	New	ISHARES 1-3 YEAR TREASURY BONDmutual funds/fi	$2,090,150	–	25,779	–	0.17%	–
DIA	New	SPDR DOW JONES INDUSTRIALmutual funds/eq	$1,341,015	–	3,900	–	0.11%	–
CSX	New	CSX CORP	$1,181,565	–	34,650	–	0.10%	–
UPS	New	UNITED PARCEL SERVICE	$896,250	–	5,000	–	0.07%	–
XLE	New	ENERGY SELECT SECTOR SPDRR (MKT)mutual funds/eq	$728,501	–	8,975	–	0.06%	–
LLY	New	ELI LILLY & CO	$716,132	–	1,527	–	0.06%	–
TFC	New	TRUIST FINL CORP	$430,211	–	14,175	–	0.03%	–
USMV	New	ISHARES MSCI USA MINIMUMmutual funds/eq	$403,166	–	5,424	–	0.03%	–
LPX	New	LOUISIANA-PACIFIC CORP	$387,947	–	5,174	–	0.03%	–
ARLP	New	ALLIANCE RESOURCE PARTNERS LPpartnerships	$388,290	–	21,000	–	0.03%	–
BFA	New	BROWN-FORMAN CORP	$374,385	–	5,500	–	0.03%	–
XOM	New	EXXON MOBIL CORP	$351,674	–	3,279	–	0.03%	–
WY	New	WEYERHAEUSER CO	$322,869	–	9,635	–	0.03%	–
MO	New	ALTRIA GROUP INC	$322,990	–	7,130	–	0.03%	–
BAC	New	BANK OF AMERICA CORP	$259,216	–	9,035	–	0.02%	–
NSC	New	NORFOLK SOUTHERN CORP	$266,896	–	1,177	–	0.02%	–
BA	New	BOEING CO	$265,006	–	1,255	–	0.02%	–
GOOGL	New	ALPHABET INC	$252,927	–	2,113	–	0.02%	–
USB	New	US BANCORP DEL	$221,798	–	6,713	–	0.02%	–
GSSC	New	GOLDMAN SACHS ACTIVEBETAmutual funds/eq	$223,223	–	3,866	–	0.02%	–
ORCL	New	ORACLE CORP	$208,408	–	1,750	–	0.02%	–
FGBI	New	FIRST GTY BANCSHARES INC	$195,559	–	17,383	–	0.02%	–
KFFB	New	KENTUCKY FIRST FED BANCORP	$124,015	–	19,961	–	0.01%	–

Q4 2022

			Value		Shares		↓ Weighting
LPTX	Exit	LEAP THERAPEUTICS INC COM	$0	–	-13,650	–	-0.00%	–
DE	Exit	DEERE & CO	$0	–	-600	–	-0.02%	–
IWM	Exit	ISHARES RUSSELL 2000 (MKT)mutual funds/eq	$0	–	-1,255	–	-0.02%	–
GOOGL	Exit	ALPHABET INC	$0	–	-2,320	–	-0.02%	–
XLK	Exit	SELECT SECTOR SPDRmutual funds/eq	$0	–	-1,875	–	-0.02%	–
NSC	Exit	NORFOLK SOUTHERN CORP	$0	–	-1,116	–	-0.02%	–
LTC	Exit	LTC PROPERTIES INC	$0	–	-6,350	–	-0.02%	–
DHR	Exit	DANAHER CORP	$0	–	-962	–	-0.02%	–
ROK	Exit	ROCKWELL AUTOMATION INC	$0	–	-1,155	–	-0.02%	–
LPX	Exit	LOUISIANA-PACIFIC CORP	$0	–	-5,174	–	-0.02%	–
WY	Exit	WEYERHAEUSER CO	$0	–	-9,635	–	-0.03%	–
SHW	Exit	SHERWIN-WILLIAMS CO	$0	–	-1,392	–	-0.03%	–
LMT	Exit	LOCKHEED MARTIN CORP	$0	–	-743	–	-0.03%	–
MO	Exit	ALTRIA GROUP INC	$0	–	-7,130	–	-0.03%	–
DUK	Exit	DUKE ENERGY CORP	$0	–	-3,270	–	-0.03%	–
USMV	Exit	ISHARES MSCI USA MINIMUMmutual funds/eq	$0	–	-5,424	–	-0.03%	–
BFA	Exit	BROWN-FORMAN CORP	$0	–	-5,500	–	-0.04%	–
FGBI	Exit	FIRST GTY BANCSHARES INC	$0	–	-17,383	–	-0.04%	–
	Exit	WARNER BROS DISCOVERY INC	$0	–	-32,355	–	-0.04%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-4,603	–	-0.04%	–
ARLP	Exit	ALLIANCE RESOURCE PARTNERS LPpartnerships	$0	–	-21,000	–	-0.05%	–
ABT	Exit	ABBOTT LABORATORIES	$0	–	-4,999	–	-0.05%	–
ZBRA	Exit	ZEBRA TECHNOLOGIES INC	$0	–	-1,925	–	-0.05%	–
LLY	Exit	ELI LILLY & CO	$0	–	-1,777	–	-0.06%	–
TFC	Exit	TRUIST FINL CORP	$0	–	-14,175	–	-0.06%	–
XLE	Exit	SELECT SECTOR SPDRmutual funds/eq	$0	–	-8,975	–	-0.06%	–
UPS	Exit	UNITED PARCEL SERVICE	$0	–	-5,000	–	-0.08%	–
CSX	Exit	CSX CORP	$0	–	-41,400	–	-0.10%	–
DIA	Exit	SPDR DOW JONES INDUSTRIALmutual funds/eq	$0	–	-3,900	–	-0.11%	–
GSIE	Exit	GOLDMAN SACHS ACTIVEBETAmutual funds/eq	$0	–	-70,328	–	-0.17%	–
EMN	Exit	EASTMAN CHEMICAL CO	$0	–	-29,401	–	-0.20%	–
BX	Exit	BLACKSTONE GROUP INC	$0	–	-25,543	–	-0.20%	–
MDC	Exit	MDC HOLDINGS INC	$0	–	-78,142	–	-0.20%	–
TGT	Exit	TARGET CORP	$0	–	-14,753	–	-0.21%	–
CMCSA	Exit	COMCAST CORP	$0	–	-79,040	–	-0.22%	–
ARCC	Exit	ARES CAPITAL CORP	$0	–	-139,710	–	-0.22%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-63,611	–	-0.23%	–
MDT	Exit	MEDTRONIC PLCforeign stock	$0	–	-30,191	–	-0.23%	–
CFG	Exit	CITIZENS FINL GROUP INC	$0	–	-71,650	–	-0.24%	–
XLRE	Exit	SELECT SECTOR SPDRmutual funds/eq	$0	–	-69,478	–	-0.24%	–
QCOM	Exit	QUALCOMM INC	$0	–	-22,350	–	-0.24%	–
MET	Exit	METLIFE INC	$0	–	-41,525	–	-0.24%	–
PM	Exit	PHILIP MORRIS INTERNATIONAL INC	$0	–	-30,802	–	-0.24%	–
AEP	Exit	AMERICAN ELECTRIC POWER CO INC	$0	–	-30,011	–	-0.25%	–
MS	Exit	MORGAN STANLEY	$0	–	-33,180	–	-0.25%	–
T	Exit	AT&T INC	$0	–	-173,921	–	-0.26%	–
O	Exit	REALTY INCOME CORP	$0	–	-46,405	–	-0.26%	–
APH	Exit	AMPHENOL CORP	$0	–	-40,615	–	-0.26%	–
NRG	Exit	NRG ENERGY INC	$0	–	-73,890	–	-0.27%	–
BP	Exit	BP PLCforeign stock	$0	–	-103,808	–	-0.28%	–
PFE	Exit	PFIZER INC	$0	–	-68,427	–	-0.29%	–
MRK	Exit	MERCK & CO INC	$0	–	-35,207	–	-0.29%	–
MCD	Exit	MCDONALDS CORP	$0	–	-13,531	–	-0.30%	–
UNP	Exit	UNION PACIFIC CORP	$0	–	-16,621	–	-0.31%	–
KO	Exit	COCA-COLA CO	$0	–	-58,755	–	-0.31%	–
VLO	Exit	VALERO ENERGY CORP NEW	$0	–	-30,911	–	-0.32%	–
AMGN	Exit	AMGEN INC	$0	–	-14,792	–	-0.32%	–
ABBV	Exit	ABBVIE INC	$0	–	-25,182	–	-0.32%	–
HD	Exit	HOME DEPOT INC	$0	–	-13,621	–	-0.36%	–
PANW	Exit	PALO ALTO NETWORKS INC	$0	–	-25,487	–	-0.40%	–
PEBO	Exit	PEOPLES BANCORP INC	$0	–	-183,249	–	-0.51%	–
NVDA	Exit	NVIDIA CORP	$0	–	-49,954	–	-0.58%	–
NKE	Exit	NIKE INC	$0	–	-83,409	–	-0.66%	–
MTZ	Exit	MASTEC INC	$0	–	-111,160	–	-0.67%	–
SWK	Exit	STANLEY BLACK & DECKER INC	$0	–	-103,018	–	-0.74%	–
CCK	Exit	CROWN HOLDINGS INC	$0	–	-96,599	–	-0.75%	–
NEE	Exit	NEXTERA ENERGY INC	$0	–	-104,978	–	-0.79%	–
SYF	Exit	SYNCHRONY FINL	$0	–	-291,835	–	-0.79%	–
BSX	Exit	BOSTON SCIENTIFIC CORP	$0	–	-223,524	–	-0.83%	–
CRM	Exit	SALESFORCE	$0	–	-60,346	–	-0.83%	–
DHI	Exit	DR HORTON INC	$0	–	-130,197	–	-0.84%	–
C	Exit	CITIGROUP INC	$0	–	-214,732	–	-0.86%	–
EQH	Exit	EQUITABLE HLDGS INC	$0	–	-340,173	–	-0.86%	–
ZTS	Exit	ZOETIS INC	$0	–	-61,111	–	-0.87%	–
LPLA	Exit	LPL FINL HLDGS INC	$0	–	-41,625	–	-0.87%	–
IQV	Exit	IQVIA HOLDING INC	$0	–	-51,442	–	-0.89%	–
AZN	Exit	ASTRAZENECA PLCforeign stock	$0	–	-171,516	–	-0.90%	–
SBNY	Exit	SIGNATURE BANK NEW YORK NY	$0	–	-62,359	–	-0.90%	–
HCA	Exit	HCA HEALTHCARE INC	$0	–	-53,068	–	-0.93%	–
PEP	Exit	PEPSICO INC	$0	–	-61,042	–	-0.95%	–
LITE	Exit	LUMENTUM HLDGS INC	$0	–	-146,361	–	-0.96%	–
DAR	Exit	DARLING INGREDIENTS, INC	$0	–	-152,963	–	-0.97%	–
MDLZ	Exit	MONDELEZ INTL INC	$0	–	-190,362	–	-1.00%	–
LOW	Exit	LOWES COMPANIES INC	$0	–	-56,822	–	-1.02%	–
CHDN	Exit	CHURCHILL DOWNS INC	$0	–	-59,566	–	-1.05%	–
PYPL	Exit	PAYPAL HLDGS INC	$0	–	-133,013	–	-1.09%	–
ICE	Exit	INTERCONTINENTAL EXCHANGE INC	$0	–	-127,378	–	-1.10%	–
KEYS	Exit	KEYSIGHT TECHNOLOGIES INC	$0	–	-73,140	–	-1.10%	–
LEVI	Exit	LEVI STRAUSS & CO	$0	–	-812,937	–	-1.12%	–
RTX	Exit	RAYTHEON TECHNOLOGIES CORP	$0	–	-151,082	–	-1.18%	–
FB	Exit	META PLATFORMS INC	$0	–	-104,994	–	-1.36%	–
PH	Exit	PARKER HANNIFIN CORP	$0	–	-59,653	–	-1.38%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC	$0	–	-54,495	–	-1.39%	–
TMO	Exit	THERMO FISHER SCIENTIFIC INC	$0	–	-29,016	–	-1.41%	–
VNQ	Exit	VANGUARD REAL ESTATE ETFmutual funds/eq	$0	–	-193,354	–	-1.48%	–
LNG	Exit	CHENIERE ENERGY INC	$0	–	-94,907	–	-1.50%	–
LIN	Exit	LINDE PLCforeign stock	$0	–	-58,775	–	-1.51%	–
TJX	Exit	TJX COS INC NEW	$0	–	-256,646	–	-1.52%	–
DIS	Exit	WALT DISNEY CO	$0	–	-174,192	–	-1.57%	–
PG	Exit	PROCTER & GAMBLE CO	$0	–	-130,790	–	-1.58%	–
CSCO	Exit	CISCO SYSTEMS INC	$0	–	-413,003	–	-1.58%	–
CVX	Exit	CHEVRON CORP	$0	–	-117,686	–	-1.62%	–
PXD	Exit	PIONEER NATURAL RESOURCES CO	$0	–	-78,285	–	-1.62%	–
HON	Exit	HONEYWELL INTERNATIONAL INC	$0	–	-105,202	–	-1.68%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-113,501	–	-1.77%	–
XLU	Exit	SELECT SECTOR SPDRmutual funds/eq	$0	–	-288,409	–	-1.80%	–
WMT	Exit	WALMART INC	$0	–	-159,693	–	-1.98%	–
JPM	Exit	JP MORGAN CHASE & CO	$0	–	-198,783	–	-1.98%	–
ATVI	Exit	ACTIVISION BLIZZARD INC	$0	–	-290,314	–	-2.06%	–
AVGO	Exit	BROADCOM INC COM	$0	–	-48,609	–	-2.06%	–
CVS	Exit	CVS HEALTH CORPORATION	$0	–	-227,009	–	-2.07%	–
UNH	Exit	UNITEDHEALTH GROUP INC	$0	–	-52,183	–	-2.52%	–
V	Exit	VISA INC	$0	–	-159,109	–	-2.70%	–
AMZN	Exit	AMAZON COM INC SR	$0	–	-307,947	–	-3.32%	–
GOOG	Exit	ALPHABET INC	$0	–	-381,317	–	-3.50%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-208,595	–	-4.64%	–
AAPL	Exit	APPLE INC	$0	–	-396,511	–	-5.23%	–
CTBI	Exit	COMMUNITY TR BANCORP INC	$0	–	-1,890,410	–	-7.32%	–

Q3 2022

			Value		Shares		↓ Weighting
CTBI	Buy	COMMUNITY TR BANCORP INC	$76,656,000	+0.5%	1,890,410	+0.3%	7.32%	+4.1%
AAPL	Sell	APPLE INC	$54,798,000	+0.5%	396,511	-0.6%	5.23%	+4.0%
MSFT	Buy	MICROSOFT CORP	$48,582,000	-8.6%	208,595	+0.8%	4.64%	-5.4%
GOOG	Buy	ALPHABET INC	$36,664,000	-10.6%	381,317	+1933.5%	3.50%	-7.5%
AMZN	Buy	AMAZON COM INC SR	$34,798,000	+7.9%	307,947	+1.5%	3.32%	+11.7%
V	Buy	VISA INC	$28,265,000	-9.0%	159,109	+0.9%	2.70%	-5.8%
UNH	Sell	UNITEDHEALTH GROUP INC	$26,355,000	-11.2%	52,183	-9.7%	2.52%	-8.1%
CVS	Buy	CVS HEALTH CORPORATION	$21,650,000	+3.2%	227,009	+0.3%	2.07%	+6.8%
ATVI	Sell	ACTIVISION BLIZZARD INC	$21,582,000	-4.6%	290,314	-0.1%	2.06%	-1.2%
JPM	Buy	JP MORGAN CHASE & CO	$20,773,000	-6.1%	198,783	+1.2%	1.98%	-2.8%
WMT	Buy	WALMART INC	$20,712,000	+7.2%	159,693	+0.5%	1.98%	+10.9%
XLU	Sell	SELECT SECTOR SPDRmutual funds/eq	$18,894,000	-9.5%	288,409	-3.1%	1.80%	-6.2%
JNJ	Buy	JOHNSON & JOHNSON	$18,542,000	-6.6%	113,501	+1.4%	1.77%	-3.4%
HON	Sell	HONEYWELL INTERNATIONAL INC	$17,566,000	-5.3%	105,202	-1.4%	1.68%	-1.9%
PXD	Sell	PIONEER NATURAL RESOURCES CO	$16,951,000	-3.0%	78,285	-0.1%	1.62%	+0.4%
CVX	Buy	CHEVRON CORP	$16,908,000	+0.9%	117,686	+1.7%	1.62%	+4.5%
CSCO	Buy	CISCO SYSTEMS INC	$16,520,000	-3.7%	413,003	+2.6%	1.58%	-0.4%
PG	Buy	PROCTER & GAMBLE CO	$16,512,000	-11.0%	130,790	+1.4%	1.58%	-7.9%
DIS	Buy	WALT DISNEY CO	$16,432,000	+0.2%	174,192	+0.3%	1.57%	+3.8%
TJX	Buy	TJX COS INC NEW	$15,943,000	+13.6%	256,646	+2.2%	1.52%	+17.6%
LIN	Buy	LINDE PLCforeign stock	$15,845,000	-6.2%	58,775	+0.1%	1.51%	-2.9%
LNG	Sell	CHENIERE ENERGY INC	$15,746,000	+23.3%	94,907	-1.1%	1.50%	+27.7%
VNQ	Sell	VANGUARD REAL ESTATE ETFmutual funds/eq	$15,501,000	-12.7%	193,354	-0.7%	1.48%	-9.6%
TMO	Sell	THERMO FISHER SCIENTIFIC INC	$14,716,000	-7.5%	29,016	-0.9%	1.41%	-4.2%
BRKB	Buy	BERKSHIRE HATHAWAY INC	$14,551,000	+3.4%	54,495	+5.7%	1.39%	+7.0%
PH	Buy	PARKER HANNIFIN CORP	$14,454,000	-1.4%	59,653	+0.1%	1.38%	+2.1%
FB	Buy	META PLATFORMS INC	$14,246,000	-14.9%	104,994	+1.1%	1.36%	-11.9%
RTX	Buy	RAYTHEON TECHNOLOGIES CORP	$12,368,000	-13.8%	151,082	+1.2%	1.18%	-10.8%
LEVI	Buy	LEVI STRAUSS & CO	$11,764,000	-11.2%	812,937	+0.1%	1.12%	-8.1%
ICE	Sell	INTERCONTINENTAL EXCHANGE INC	$11,509,000	-5.0%	127,378	-1.2%	1.10%	-1.7%
KEYS	Buy	KEYSIGHT TECHNOLOGIES INC	$11,510,000	+15.5%	73,140	+1.1%	1.10%	+19.5%
PYPL	Sell	PAYPAL HLDGS INC	$11,449,000	+21.6%	133,013	-1.4%	1.09%	+25.9%
CHDN	Buy	CHURCHILL DOWNS INC	$10,969,000	-2.6%	59,566	+1.3%	1.05%	+0.9%
LOW	Buy	LOWES COMPANIES INC	$10,672,000	+8.4%	56,822	+0.8%	1.02%	+12.1%
MDLZ	Sell	MONDELEZ INTL INC	$10,438,000	-12.7%	190,362	-1.2%	1.00%	-9.6%
DAR	Buy	DARLING INGREDIENTS, INC	$10,119,000	+13.4%	152,963	+2.5%	0.97%	+17.5%
LITE	Sell	LUMENTUM HLDGS INC	$10,036,000	-15.9%	146,361	-2.6%	0.96%	-13.0%
PEP	Sell	PEPSICO INC	$9,966,000	-14.7%	61,042	-12.9%	0.95%	-11.7%
HCA	Buy	HCA HEALTHCARE INC	$9,753,000	+11.5%	53,068	+1.9%	0.93%	+15.5%
SBNY	Buy	SIGNATURE BANK NEW YORK NY	$9,416,000	-15.2%	62,359	+0.7%	0.90%	-12.2%
AZN	Sell	ASTRAZENECA PLCforeign stock	$9,406,000	-17.8%	171,516	-0.9%	0.90%	-14.9%
IQV	Sell	IQVIA HOLDING INC	$9,318,000	-18.3%	51,442	-2.2%	0.89%	-15.5%
LPLA	Sell	LPL FINL HLDGS INC	$9,094,000	+17.9%	41,625	-0.5%	0.87%	+22.1%
ZTS	New	ZOETIS INC	$9,062,000	–	61,111	–	0.87%	–
EQH	Sell	EQUITABLE HLDGS INC	$8,964,000	-0.2%	340,173	-1.3%	0.86%	+3.3%
C	Buy	CITIGROUP INC	$8,947,000	-7.3%	214,732	+2.4%	0.86%	-3.9%
DHI	Sell	DR HORTON INC	$8,769,000	+1.6%	130,197	-0.1%	0.84%	+5.3%
CRM	Sell	SALESFORCE	$8,680,000	-13.5%	60,346	-0.7%	0.83%	-10.5%
BSX	New	BOSTON SCIENTIFIC CORP	$8,657,000	–	223,524	–	0.83%	–
NEE	Buy	NEXTERA ENERGY INC	$8,231,000	+2.1%	104,978	+0.8%	0.79%	+5.6%
SYF	Sell	SYNCHRONY FINL	$8,226,000	+0.6%	291,835	-1.4%	0.79%	+4.2%
CCK	New	CROWN HOLDINGS INC	$7,827,000	–	96,599	–	0.75%	–
SWK	Buy	STANLEY BLACK & DECKER INC	$7,748,000	-20.9%	103,018	+10.3%	0.74%	-18.1%
MTZ	Sell	MASTEC INC	$7,059,000	-12.0%	111,160	-0.7%	0.67%	-8.9%
NKE	Sell	NIKE INC	$6,933,000	-18.9%	83,409	-0.3%	0.66%	-16.1%
NVDA	Buy	NVIDIA CORP	$6,064,000	-15.6%	49,954	+5.4%	0.58%	-12.7%
PANW	New	PALO ALTO NETWORKS INC	$4,175,000	–	25,487	–	0.40%	–
HD	Buy	HOME DEPOT INC	$3,759,000	+20.2%	13,621	+19.5%	0.36%	+24.7%
ABBV	Buy	ABBVIE INC	$3,380,000	-7.0%	25,182	+6.1%	0.32%	-3.9%
AMGN	Buy	AMGEN INC	$3,334,000	-6.4%	14,792	+1.0%	0.32%	-3.3%
VLO	Sell	VALERO ENERGY CORP NEW	$3,303,000	-16.2%	30,911	-16.7%	0.32%	-13.2%
KO	Buy	COCA-COLA CO	$3,291,000	-5.6%	58,755	+6.0%	0.31%	-2.5%
UNP	Buy	UNION PACIFIC CORP	$3,238,000	+13.6%	16,621	+24.3%	0.31%	+17.5%
MCD	Buy	MCDONALDS CORP	$3,122,000	+1.6%	13,531	+8.7%	0.30%	+4.9%
MRK	Sell	MERCK & CO INC	$3,032,000	-22.4%	35,207	-17.8%	0.29%	-19.7%
PFE	Buy	PFIZER INC	$2,994,000	-12.9%	68,427	+4.4%	0.29%	-9.8%
BP	Sell	BP PLCforeign stock	$2,964,000	-8.9%	103,808	-9.5%	0.28%	-5.7%
NRG	Buy	NRG ENERGY INC	$2,828,000	+1.8%	73,890	+1.6%	0.27%	+5.5%
APH	Buy	AMPHENOL CORP	$2,720,000	+6.5%	40,615	+2.3%	0.26%	+10.2%
O	Buy	REALTY INCOME CORP	$2,701,000	-13.5%	46,405	+1.5%	0.26%	-10.4%
T	Buy	AT&T INC	$2,668,000	-25.6%	173,921	+1.7%	0.26%	-23.0%
MS	Buy	MORGAN STANLEY	$2,622,000	+6.9%	33,180	+2.9%	0.25%	+10.6%
AEP	Sell	AMERICAN ELECTRIC POWER CO INC	$2,594,000	-28.1%	30,011	-20.1%	0.25%	-25.5%
PM	Buy	PHILIP MORRIS INTERNATIONAL INC	$2,557,000	-14.4%	30,802	+1.8%	0.24%	-11.6%
MET	Sell	METLIFE INC	$2,524,000	-16.3%	41,525	-13.5%	0.24%	-13.3%
QCOM	Buy	QUALCOMM INC	$2,525,000	-9.9%	22,350	+1.9%	0.24%	-6.9%
XLRE	Buy	SELECT SECTOR SPDRmutual funds/eq	$2,502,000	-9.4%	69,478	+2.8%	0.24%	-6.3%
CFG	Buy	CITIZENS FINL GROUP INC	$2,462,000	-0.7%	71,650	+3.1%	0.24%	+2.6%
MDT	Sell	MEDTRONIC PLCforeign stock	$2,438,000	-85.9%	30,191	-84.3%	0.23%	-85.4%
VZ	Buy	VERIZON COMMUNICATIONS INC	$2,416,000	-23.9%	63,611	+1.6%	0.23%	-21.2%
ARCC	New	ARES CAPITAL CORP	$2,358,000	–	139,710	–	0.22%	–
CMCSA	Buy	COMCAST CORP	$2,318,000	-9.7%	79,040	+20.8%	0.22%	-6.8%
TGT	Buy	TARGET CORP	$2,189,000	+14.5%	14,753	+9.0%	0.21%	+18.8%
MDC	Buy	MDC HOLDINGS INC	$2,143,000	-12.7%	78,142	+2.8%	0.20%	-9.7%
BX	Buy	BLACKSTONE GROUP INC	$2,138,000	-3.1%	25,543	+5.7%	0.20%	0.0%
EMN	Buy	EASTMAN CHEMICAL CO	$2,089,000	-18.4%	29,401	+3.2%	0.20%	-15.3%
GSIE	Buy	GOLDMAN SACHS ACTIVEBETAmutual funds/eq	$1,741,000	-10.3%	70,328	+0.6%	0.17%	-7.3%
CSX	Buy	CSX CORP	$1,103,000	+12.4%	41,400	+22.7%	0.10%	+15.4%
UPS	Sell	UNITED PARCEL SERVICE	$808,000	-13.2%	5,000	-2.0%	0.08%	-10.5%
ZBRA	New	ZEBRA TECHNOLOGIES INC	$504,000	–	1,925	–	0.05%	–
ABT	New	ABBOTT LABORATORIES	$484,000	–	4,999	–	0.05%	–
XOM	New	EXXON MOBIL CORP	$402,000	–	4,603	–	0.04%	–
	Sell	WARNER BROS DISCOVERY INC	$372,000	-15.3%	32,355	-1.0%	0.04%	-12.2%
DUK	Buy	DUKE ENERGY CORP	$304,000	+2.7%	3,270	+18.3%	0.03%	+7.4%
LMT	New	LOCKHEED MARTIN CORP	$287,000	–	743	–	0.03%	–
SHW	New	SHERWIN-WILLIAMS CO	$285,000	–	1,392	–	0.03%	–
ROK	New	ROCKWELL AUTOMATION INC	$248,000	–	1,155	–	0.02%	–
DHR	New	DANAHER CORP	$248,000	–	962	–	0.02%	–
XLK	New	SELECT SECTOR SPDRmutual funds/eq	$223,000	–	1,875	–	0.02%	–
GOOGL	Buy	ALPHABET INC	$222,000	-6.7%	2,320	+2028.4%	0.02%	-4.5%
IWM	New	ISHARES RUSSELL 2000 (MKT)mutual funds/eq	$207,000	–	1,255	–	0.02%	–
DE	New	DEERE & CO	$200,000	–	600	–	0.02%	–
PTN	Exit	PALATIN TECHNOLOGIES INC	$0	–	-22,388	–	-0.00%	–
GSSC	Exit	GOLDMAN SACHS ACTIVEBETAmutual funds/eq	$0	–	-3,866	–	-0.02%	–
BAC	Exit	BANK OF AMERICA CORP	$0	–	-6,934	–	-0.02%	–
BA	Exit	BOEING CO	$0	–	-1,750	–	-0.02%	–
IGM	Exit	ISHARES EXPND TECH SECTOR ETFmutual funds/eq	$0	–	-991	–	-0.03%	–
XLC	Exit	SELECT SECTOR SPDRmutual funds/eq	$0	–	-5,535	–	-0.03%	–
FDN	Exit	FIRST TRUST DOW JONES INTERNETmutual funds/eq	$0	–	-3,319	–	-0.04%	–
OHI	Exit	OMEGA HEALTHCARE INVESTORS INC	$0	–	-93,956	–	-0.24%	–
DD	Exit	DUPONT DE NEMOURS INC	$0	–	-140,552	–	-0.72%	–

Q2 2022

			Value		Shares		↓ Weighting
CTBI	New	COMMUNITY TR BANCORP INC	$76,256,000	–	1,885,651	–	7.04%	–
AAPL	New	APPLE INC	$54,520,000	–	398,774	–	5.03%	–
MSFT	New	MICROSOFT CORP	$53,172,000	–	207,031	–	4.91%	–
GOOG	New	ALPHABET INC	$41,019,000	–	18,752	–	3.78%	–
AMZN	New	AMAZON COM INC SR	$32,239,000	–	303,535	–	2.98%	–
V	New	VISA INC	$31,046,000	–	157,682	–	2.86%	–
UNH	New	UNITEDHEALTH GROUP INC	$29,669,000	–	57,763	–	2.74%	–
AVGO	New	BROADCOM INC COM	$23,614,000	–	48,609	–	2.18%	–
ATVI	New	ACTIVISION BLIZZARD INC	$22,627,000	–	290,611	–	2.09%	–
JPM	New	JP MORGAN CHASE & CO	$22,118,000	–	196,411	–	2.04%	–
CVS	New	CVS HEALTH CORPORATION	$20,981,000	–	226,429	–	1.94%	–
XLU	New	SELECT SECTOR SPDRmutual funds/eq	$20,866,000	–	297,539	–	1.92%	–
JNJ	New	JOHNSON & JOHNSON	$19,861,000	–	111,889	–	1.83%	–
WMT	New	WALMART INC	$19,324,000	–	158,947	–	1.78%	–
PG	New	PROCTER & GAMBLE CO	$18,552,000	–	129,023	–	1.71%	–
HON	New	HONEYWELL INTERNATIONAL INC	$18,544,000	–	106,690	–	1.71%	–
VNQ	New	VANGUARD REAL ESTATE ETFmutual funds/eq	$17,747,000	–	194,781	–	1.64%	–
PXD	New	PIONEER NATURAL RESOURCES CO	$17,481,000	–	78,360	–	1.61%	–
MDT	New	MEDTRONIC PLCforeign stock	$17,291,000	–	192,664	–	1.60%	–
CSCO	New	CISCO SYSTEMS INC	$17,161,000	–	402,468	–	1.58%	–
LIN	New	LINDE PLCforeign stock	$16,890,000	–	58,743	–	1.56%	–
CVX	New	CHEVRON CORP	$16,759,000	–	115,753	–	1.55%	–
FB	New	META PLATFORMS INC	$16,744,000	–	103,836	–	1.54%	–
DIS	New	WALT DISNEY CO	$16,397,000	–	173,690	–	1.51%	–
TMO	New	THERMO FISHER SCIENTIFIC INC	$15,902,000	–	29,271	–	1.47%	–
PH	New	PARKER HANNIFIN CORP	$14,660,000	–	59,580	–	1.35%	–
RTX	New	RAYTHEON TECHNOLOGIES CORP	$14,350,000	–	149,304	–	1.32%	–
BRKB	New	BERKSHIRE HATHAWAY INC	$14,073,000	–	51,545	–	1.30%	–
TJX	New	TJX COS INC NEW	$14,032,000	–	251,244	–	1.30%	–
LEVI	New	LEVI STRAUSS & CO	$13,250,000	–	811,867	–	1.22%	–
LNG	New	CHENIERE ENERGY INC	$12,769,000	–	95,992	–	1.18%	–
ICE	New	INTERCONTINENTAL EXCHANGE INC	$12,119,000	–	128,867	–	1.12%	–
MDLZ	New	MONDELEZ INTL INC	$11,958,000	–	192,602	–	1.10%	–
LITE	New	LUMENTUM HLDGS INC	$11,940,000	–	150,345	–	1.10%	–
PEP	New	PEPSICO INC	$11,678,000	–	70,069	–	1.08%	–
AZN	New	ASTRAZENECA PLCforeign stock	$11,437,000	–	173,111	–	1.06%	–
IQV	New	IQVIA HOLDING INC	$11,409,000	–	52,576	–	1.05%	–
CHDN	New	CHURCHILL DOWNS INC	$11,260,000	–	58,790	–	1.04%	–
SBNY	New	SIGNATURE BANK NEW YORK NY	$11,098,000	–	61,930	–	1.02%	–
CRM	New	SALESFORCE	$10,031,000	–	60,780	–	0.93%	–
KEYS	New	KEYSIGHT TECHNOLOGIES INC	$9,969,000	–	72,322	–	0.92%	–
LOW	New	LOWES COMPANIES INC	$9,846,000	–	56,372	–	0.91%	–
SWK	New	STANLEY BLACK & DECKER INC	$9,795,000	–	93,403	–	0.90%	–
C	New	CITIGROUP INC	$9,648,000	–	209,764	–	0.89%	–
PYPL	New	PAYPAL HLDGS INC	$9,419,000	–	134,862	–	0.87%	–
EQH	New	EQUITABLE HLDGS INC	$8,983,000	–	344,557	–	0.83%	–
DAR	New	DARLING INGREDIENTS, INC	$8,924,000	–	149,228	–	0.82%	–
HCA	New	HCA HEALTHCARE INC	$8,749,000	–	52,059	–	0.81%	–
DHI	New	DR HORTON INC	$8,629,000	–	130,353	–	0.80%	–
NKE	New	NIKE INC	$8,552,000	–	83,686	–	0.79%	–
SYF	New	SYNCHRONY FINL	$8,176,000	–	296,008	–	0.75%	–
NEE	New	NEXTERA ENERGY INC	$8,065,000	–	104,117	–	0.74%	–
MTZ	New	MASTEC INC	$8,020,000	–	111,915	–	0.74%	–
DD	New	DUPONT DE NEMOURS INC	$7,812,000	–	140,552	–	0.72%	–
LPLA	New	LPL FINL HLDGS INC	$7,716,000	–	41,823	–	0.71%	–
NVDA	New	NVIDIA CORP	$7,181,000	–	47,374	–	0.66%	–
PEBO	New	PEOPLES BANCORP INC	$4,874,000	–	183,249	–	0.45%	–
VLO	New	VALERO ENERGY CORP NEW	$3,943,000	–	37,104	–	0.36%	–
MRK	New	MERCK & CO INC	$3,907,000	–	42,852	–	0.36%	–
ABBV	New	ABBVIE INC	$3,636,000	–	23,739	–	0.34%	–
AEP	New	AMERICAN ELECTRIC POWER CO INC	$3,606,000	–	37,584	–	0.33%	–
T	New	AT&T INC	$3,585,000	–	171,044	–	0.33%	–
AMGN	New	AMGEN INC	$3,562,000	–	14,642	–	0.33%	–
KO	New	COCA-COLA CO	$3,487,000	–	55,434	–	0.32%	–
PFE	New	PFIZER INC	$3,437,000	–	65,557	–	0.32%	–
BP	New	BP PLCforeign stock	$3,252,000	–	114,700	–	0.30%	–
VZ	New	VERIZON COMMUNICATIONS INC	$3,176,000	–	62,583	–	0.29%	–
HD	New	HOME DEPOT INC	$3,126,000	–	11,396	–	0.29%	–
O	New	REALTY INCOME CORP	$3,121,000	–	45,720	–	0.29%	–
MCD	New	MCDONALDS CORP	$3,074,000	–	12,450	–	0.28%	–
MET	New	METLIFE INC	$3,016,000	–	48,030	–	0.28%	–
PM	New	PHILIP MORRIS INTERNATIONAL INC	$2,987,000	–	30,253	–	0.28%	–
UNP	New	UNION PACIFIC CORP	$2,851,000	–	13,368	–	0.26%	–
QCOM	New	QUALCOMM INC	$2,803,000	–	21,940	–	0.26%	–
NRG	New	NRG ENERGY INC	$2,777,000	–	72,759	–	0.26%	–
XLRE	New	SELECT SECTOR SPDRmutual funds/eq	$2,761,000	–	67,565	–	0.26%	–
OHI	New	OMEGA HEALTHCARE INVESTORS INC	$2,649,000	–	93,956	–	0.24%	–
CMCSA	New	COMCAST CORP	$2,568,000	–	65,455	–	0.24%	–
APH	New	AMPHENOL CORP	$2,555,000	–	39,692	–	0.24%	–
EMN	New	EASTMAN CHEMICAL CO	$2,559,000	–	28,501	–	0.24%	–
CFG	New	CITIZENS FINL GROUP INC	$2,479,000	–	69,473	–	0.23%	–
MDC	New	MDC HOLDINGS INC	$2,456,000	–	76,012	–	0.23%	–
MS	New	MORGAN STANLEY	$2,453,000	–	32,246	–	0.23%	–
BX	New	BLACKSTONE GROUP INC	$2,206,000	–	24,176	–	0.20%	–
GSIE	New	GOLDMAN SACHS ACTIVEBETAmutual funds/eq	$1,941,000	–	69,898	–	0.18%	–
TGT	New	TARGET CORP	$1,911,000	–	13,533	–	0.18%	–
DIA	New	SPDR DOW JONES INDUSTRIALmutual funds/eq	$1,200,000	–	3,900	–	0.11%	–
CSX	New	CSX CORP	$981,000	–	33,750	–	0.09%	–
UPS	New	UNITED PARCEL SERVICE	$931,000	–	5,100	–	0.09%	–
TFC	New	TRUIST FINL CORP	$672,000	–	14,175	–	0.06%	–
XLE	New	SELECT SECTOR SPDRmutual funds/eq	$642,000	–	8,975	–	0.06%	–
LLY	New	ELI LILLY & CO	$577,000	–	1,777	–	0.05%	–
	New	WARNER BROS DISCOVERY INC	$439,000	–	32,698	–	0.04%	–
FDN	New	FIRST TRUST DOW JONES INTERNETmutual funds/eq	$422,000	–	3,319	–	0.04%	–
FGBI	New	FIRST GTY BANCSHARES INC	$423,000	–	17,383	–	0.04%	–
ARLP	New	ALLIANCE RESOURCE PARTNERS LPpartnerships	$383,000	–	21,000	–	0.04%	–
USMV	New	ISHARES MSCI USA MINIMUMmutual funds/eq	$381,000	–	5,424	–	0.04%	–
BFA	New	BROWN-FORMAN CORP	$372,000	–	5,500	–	0.03%	–
WY	New	WEYERHAEUSER CO	$319,000	–	9,635	–	0.03%	–
XLC	New	SELECT SECTOR SPDRmutual funds/eq	$300,000	–	5,535	–	0.03%	–
DUK	New	DUKE ENERGY CORP	$296,000	–	2,765	–	0.03%	–
IGM	New	ISHARES EXPND TECH SECTOR ETFmutual funds/eq	$292,000	–	991	–	0.03%	–
MO	New	ALTRIA GROUP INC	$298,000	–	7,130	–	0.03%	–
LPX	New	LOUISIANA-PACIFIC CORP	$271,000	–	5,174	–	0.02%	–
LTC	New	LTC PROPERTIES INC	$244,000	–	6,350	–	0.02%	–
NSC	New	NORFOLK SOUTHERN CORP	$254,000	–	1,116	–	0.02%	–
GOOGL	New	ALPHABET INC	$238,000	–	109	–	0.02%	–
BA	New	BOEING CO	$239,000	–	1,750	–	0.02%	–
BAC	New	BANK OF AMERICA CORP	$216,000	–	6,934	–	0.02%	–
GSSC	New	GOLDMAN SACHS ACTIVEBETAmutual funds/eq	$203,000	–	3,866	–	0.02%	–
PTN	New	PALATIN TECHNOLOGIES INC	$6,000	–	22,388	–	0.00%	–
LPTX	New	LEAP THERAPEUTICS INC COM	$16,000	–	13,650	–	0.00%	–

Q4 2021

			Value		Shares		↓ Weighting
PTN	Exit	PALATIN TECHNOLOGIES INC	$0	–	-22,388	–	-0.00%	–
LTC	Exit	LTC PROPERTIES INC	$0	–	-6,350	–	-0.02%	–
USB	Exit	US BANCORP DEL	$0	–	-3,713	–	-0.02%	–
ABT	Exit	ABBOTT LABORATORIES	$0	–	-1,865	–	-0.02%	–
ARLP	Exit	ALLIANCE RESOURCE PARTNERS LPpartnerships	$0	–	-21,000	–	-0.02%	–
WFC	Exit	WELLS FARGO & CO NEW	$0	–	-4,919	–	-0.02%	–
GSSC	Exit	GOLDMAN SACHS ACTIVEBETAmutual funds/eq	$0	–	-3,866	–	-0.02%	–
BA	Exit	BOEING CO	$0	–	-1,139	–	-0.02%	–
GOOGL	Exit	ALPHABET INC	$0	–	-103	–	-0.02%	–
FGBI	Exit	FIRST GTY BANCSHARES INC	$0	–	-15,802	–	-0.03%	–
LPX	Exit	LOUISIANA-PACIFIC CORP	$0	–	-5,174	–	-0.03%	–
NSC	Exit	NORFOLK SOUTHERN CORP	$0	–	-1,400	–	-0.03%	–
DUK	Exit	DUKE ENERGY CORP	$0	–	-3,409	–	-0.03%	–
WY	Exit	WEYERHAEUSER CO	$0	–	-9,635	–	-0.03%	–
BFA	Exit	BROWN-FORMAN CORP	$0	–	-5,500	–	-0.03%	–
MO	Exit	ALTRIA GROUP INC	$0	–	-8,400	–	-0.03%	–
USMV	Exit	ISHARES MSCI USA MINIMUMmutual funds/eq	$0	–	-5,424	–	-0.03%	–
XLC	Exit	SELECT SECTOR SPDRmutual funds/eq	$0	–	-5,589	–	-0.04%	–
XLE	Exit	SELECT SECTOR SPDRmutual funds/eq	$0	–	-8,975	–	-0.04%	–
LLY	Exit	ELI LILLY & CO	$0	–	-2,030	–	-0.04%	–
CSX	Exit	CSX CORP	$0	–	-15,975	–	-0.04%	–
BAC	Exit	BANK OF AMERICA CORP	$0	–	-12,483	–	-0.04%	–
FDN	Exit	FIRST TRUST DOW JONES INTERNETmutual funds/eq	$0	–	-2,536	–	-0.05%	–
TFC	Exit	TRUIST FINL CORP	$0	–	-14,236	–	-0.07%	–
UPS	Exit	UNITED PARCEL SERVICE	$0	–	-5,160	–	-0.08%	–
DIA	Exit	SPDR DOW JONES INDUSTRIALmutual funds/eq	$0	–	-3,900	–	-0.11%	–
GSIE	Exit	GOLDMAN SACHS ACTIVEBETAmutual funds/eq	$0	–	-65,000	–	-0.19%	–
BX	Exit	BLACKSTONE GROUP INC	$0	–	-19,629	–	-0.19%	–
OHI	Exit	OMEGA HEALTHCARE INVESTORS INC	$0	–	-79,726	–	-0.20%	–
TGT	Exit	TARGET CORP	$0	–	-10,562	–	-0.20%	–
NRG	Exit	NRG ENERGY INC	$0	–	-60,225	–	-0.21%	–
PM	Exit	PHILIP MORRIS INTERNATIONAL INC	$0	–	-25,985	–	-0.21%	–
EMN	Exit	EASTMAN CHEMICAL CO	$0	–	-24,469	–	-0.21%	–
QCOM	Exit	QUALCOMM INC	$0	–	-19,074	–	-0.21%	–
UNP	Exit	UNION PACIFIC CORP	$0	–	-12,668	–	-0.21%	–
O	Exit	REALTY INCOME CORP	$0	–	-38,288	–	-0.21%	–
MS	Exit	MORGAN STANLEY	$0	–	-25,683	–	-0.21%	–
CMCSA	Exit	COMCAST CORP	$0	–	-45,225	–	-0.21%	–
APH	Exit	AMPHENOL CORP	$0	–	-34,493	–	-0.21%	–
ADM	Exit	ARCHER-DANIELS-MIDLAND CO	$0	–	-42,271	–	-0.21%	–
ACC	Exit	AMERICAN CAMPUS COMMUNITIES INC	$0	–	-52,612	–	-0.21%	–
KO	Exit	COCA-COLA CO	$0	–	-49,252	–	-0.22%	–
XLRE	Exit	SELECT SECTOR SPDRmutual funds/eq	$0	–	-58,287	–	-0.22%	–
MET	Exit	METLIFE INC	$0	–	-42,194	–	-0.22%	–
MCD	Exit	MCDONALDS CORP	$0	–	-11,048	–	-0.22%	–
PFE	Exit	PFIZER INC	$0	–	-63,212	–	-0.23%	–
ABBV	Exit	ABBVIE INC	$0	–	-25,602	–	-0.23%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-51,341	–	-0.23%	–
CFG	Exit	CITIZENS FINL GROUP INC	$0	–	-58,965	–	-0.23%	–
AEP	Exit	AMERICAN ELECTRIC POWER CO INC	$0	–	-34,329	–	-0.23%	–
AMGN	Exit	AMGEN INC	$0	–	-13,086	–	-0.23%	–
VLO	Exit	VALERO ENERGY CORP NEW	$0	–	-39,840	–	-0.24%	–
T	Exit	AT&T INC	$0	–	-104,881	–	-0.24%	–
MRK	Exit	MERCK & CO INC	$0	–	-38,536	–	-0.24%	–
BP	Exit	BP PLCforeign stock	$0	–	-105,751	–	-0.24%	–
HD	Exit	HOME DEPOT INC	$0	–	-10,096	–	-0.28%	–
AZN	Exit	ASTRAZENECA PLCforeign stock	$0	–	-85,714	–	-0.43%	–
PEBO	Exit	PEOPLES BANCORP INC	$0	–	-183,249	–	-0.48%	–
CHDN	Exit	CHURCHILL DOWNS INC	$0	–	-26,167	–	-0.52%	–
LPLA	Exit	LPL FINL HLDGS INC	$0	–	-41,326	–	-0.54%	–
ZNGA	Exit	ZYNGA INC	$0	–	-946,528	–	-0.60%	–
DSEY	Exit	DIVERSEY HLDGS LTDforeign stock	$0	–	-458,867	–	-0.62%	–
NEE	Exit	NEXTERA ENERGY INC	$0	–	-98,717	–	-0.65%	–
CHWY	Exit	CHEWY INC	$0	–	-119,035	–	-0.68%	–
FIS	Exit	FIDELITY NATIONAL INFORMATION	$0	–	-69,005	–	-0.70%	–
IGM	Exit	ISHARES EXPND TECH SECTOR ETFmutual funds/eq	$0	–	-21,474	–	-0.72%	–
MTZ	Exit	MASTEC INC	$0	–	-107,028	–	-0.77%	–
PH	Exit	PARKER HANNIFIN CORP	$0	–	-34,070	–	-0.80%	–
LEVI	Exit	LEVI STRAUSS & CO	$0	–	-392,425	–	-0.80%	–
DD	Exit	DUPONT DE NEMOURS INC	$0	–	-144,824	–	-0.82%	–
EQH	Exit	EQUITABLE HLDGS INC	$0	–	-347,199	–	-0.86%	–
SYF	Exit	SYNCHRONY FINL	$0	–	-217,660	–	-0.89%	–
PEP	Exit	PEPSICO INC	$0	–	-73,260	–	-0.92%	–
KEYS	Exit	KEYSIGHT TECHNOLOGIES INC	$0	–	-74,946	–	-1.03%	–
C	Exit	CITIGROUP INC	$0	–	-176,826	–	-1.04%	–
RTX	Exit	RAYTHEON TECHNOLOGIES CORP	$0	–	-147,491	–	-1.06%	–
IQV	Exit	IQVIA HOLDING INC	$0	–	-52,927	–	-1.06%	–
HCA	Exit	HCA HEALTHCARE INC	$0	–	-52,424	–	-1.06%	–
CVX	Exit	CHEVRON CORP	$0	–	-129,031	–	-1.09%	–
LUV	Exit	SOUTHWEST AIRLINES CO	$0	–	-257,128	–	-1.10%	–
LITE	Exit	LUMENTUM HLDGS INC	$0	–	-163,682	–	-1.14%	–
PXD	Exit	PIONEER NATURAL RESOURCES CO	$0	–	-82,487	–	-1.15%	–
MDLZ	Exit	MONDELEZ INTL INC	$0	–	-249,990	–	-1.22%	–
ICE	Exit	INTERCONTINENTAL EXCHANGE INC	$0	–	-131,960	–	-1.27%	–
NKE	Exit	NIKE INC	$0	–	-105,541	–	-1.28%	–
TMO	Exit	THERMO FISHER SCIENTIFIC INC	$0	–	-28,571	–	-1.36%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC	$0	–	-60,495	–	-1.38%	–
TJX	Exit	TJX COS INC NEW	$0	–	-252,666	–	-1.39%	–
LIN	Exit	LINDE PLCforeign stock	$0	–	-58,423	–	-1.43%	–
PG	Exit	PROCTER & GAMBLE CO	$0	–	-129,866	–	-1.52%	–
DIS	Exit	DISNEY WALT CO	$0	–	-109,420	–	-1.55%	–
PYPL	Exit	PAYPAL HLDGS INC	$0	–	-71,247	–	-1.55%	–
XLU	Exit	SELECT SECTOR SPDRmutual funds/eq	$0	–	-306,055	–	-1.63%	–
VNQ	Exit	VANGUARD REAL ESTATE ETFmutual funds/eq	$0	–	-199,392	–	-1.70%	–
LOW	Exit	LOWES COMPANIES INC	$0	–	-103,417	–	-1.75%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-130,610	–	-1.76%	–
CSCO	Exit	CISCO SYSTEMS INC	$0	–	-393,371	–	-1.79%	–
WMT	Exit	WALMART INC	$0	–	-155,051	–	-1.81%	–
HON	Exit	HONEYWELL INTERNATIONAL INC	$0	–	-102,284	–	-1.82%	–
ATVI	Exit	ACTIVISION BLIZZARD INC	$0	–	-291,102	–	-1.88%	–
LHX	Exit	L3HARRIS TECHNOLOGIES INC COM	$0	–	-103,609	–	-1.91%	–
CVS	Exit	CVS HEALTH CORPORATION	$0	–	-272,336	–	-1.93%	–
MDT	Exit	MEDTRONIC PLCforeign stock	$0	–	-188,630	–	-1.98%	–
AVGO	Exit	BROADCOM INC COM	$0	–	-50,730	–	-2.06%	–
UNH	Exit	UNITEDHEALTH GROUP INC	$0	–	-66,814	–	-2.18%	–
JPM	Exit	JP MORGAN CHASE & CO	$0	–	-182,188	–	-2.49%	–
FB	Exit	FACEBOOK INC	$0	–	-100,521	–	-2.85%	–
V	Exit	VISA INC	$0	–	-160,612	–	-2.99%	–
AMZN	Exit	AMAZON COM INC SR	$0	–	-14,802	–	-4.06%	–
GOOG	Exit	ALPHABET INC	$0	–	-18,703	–	-4.17%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-207,635	–	-4.89%	–
AAPL	Exit	APPLE INC	$0	–	-430,682	–	-5.09%	–
CTBI	Exit	COMMUNITY TR BANCORP INC	$0	–	-1,785,487	–	-6.28%	–

Q3 2021

			Value		Shares		↓ Weighting
CTBI	Buy	COMMUNITY TR BANCORP INC	$75,169,000	+4.6%	1,785,487	+0.3%	6.28%	-4.4%
AAPL	Buy	APPLE INC	$60,942,000	+4.1%	430,682	+0.8%	5.09%	-4.8%
MSFT	Buy	MICROSOFT CORP	$58,536,000	+5.7%	207,635	+1.5%	4.89%	-3.4%
GOOG	Sell	ALPHABET INC	$49,849,000	-8.2%	18,703	-13.7%	4.17%	-16.1%
AMZN	Buy	AMAZON COM INC SR	$48,625,000	-2.9%	14,802	+1.7%	4.06%	-11.1%
V	Buy	VISA INC	$35,776,000	-2.9%	160,612	+2.0%	2.99%	-11.1%
FB	Buy	FACEBOOK INC	$34,116,000	+0.2%	100,521	+2.6%	2.85%	-8.4%
JPM	Buy	JP MORGAN CHASE & CO	$29,822,000	+14.5%	182,188	+8.8%	2.49%	+4.7%
UNH	Buy	UNITEDHEALTH GROUP INC	$26,107,000	-0.8%	66,814	+1.6%	2.18%	-9.3%
AVGO	Buy	BROADCOM INC COM	$24,600,000	+11.6%	50,730	+9.7%	2.06%	+2.0%
MDT	Buy	MEDTRONIC PLCforeign stock	$23,645,000	+9.1%	188,630	+8.0%	1.98%	-0.3%
CVS	Buy	CVS HEALTH CORPORATION	$23,110,000	+3.8%	272,336	+2.1%	1.93%	-5.1%
LHX	Sell	L3HARRIS TECHNOLOGIES INC COM	$22,819,000	-1.5%	103,609	-3.4%	1.91%	-9.9%
ATVI	Buy	ACTIVISION BLIZZARD INC	$22,529,000	+3.2%	291,102	+27.2%	1.88%	-5.7%
HON	Sell	HONEYWELL INTERNATIONAL INC	$21,713,000	-10.9%	102,284	-7.9%	1.82%	-18.5%
WMT	Buy	WALMART INC	$21,611,000	+12.4%	155,051	+13.7%	1.81%	+2.8%
CSCO	Sell	CISCO SYSTEMS INC	$21,411,000	-6.3%	393,371	-8.7%	1.79%	-14.3%
JNJ	Buy	JOHNSON & JOHNSON	$21,093,000	+12.0%	130,610	+14.3%	1.76%	+2.4%
LOW	Buy	LOWES COMPANIES INC	$20,979,000	+5.0%	103,417	+0.4%	1.75%	-3.9%
VNQ	Sell	VANGUARD REAL ESTATE ETFmutual funds/eq	$20,294,000	-0.1%	199,392	-0.1%	1.70%	-8.7%
XLU	Buy	SELECT SECTOR SPDRmutual funds/eq	$19,551,000	+2.9%	306,055	+1.8%	1.63%	-5.9%
PYPL	Buy	PAYPAL HLDGS INC	$18,540,000	-4.4%	71,247	+7.0%	1.55%	-12.6%
DIS	Buy	DISNEY WALT CO	$18,511,000	+0.5%	109,420	+4.5%	1.55%	-8.1%
PG	Buy	PROCTER & GAMBLE CO	$18,156,000	+21.1%	129,866	+16.9%	1.52%	+10.7%
LIN	Buy	LINDE PLCforeign stock	$17,140,000	+13.9%	58,423	+12.2%	1.43%	+4.1%
TJX	Sell	TJX COS INC NEW	$16,671,000	-18.0%	252,666	-16.2%	1.39%	-25.0%
BRKB	Buy	BERKSHIRE HATHAWAY INC	$16,512,000	+0.8%	60,495	+2.6%	1.38%	-7.9%
TMO	Sell	THERMO FISHER SCIENTIFIC INC	$16,323,000	+11.9%	28,571	-1.2%	1.36%	+2.3%
NKE	Sell	NIKE INC	$15,327,000	-6.0%	105,541	-0.0%	1.28%	-14.0%
ICE	Sell	INTERCONTINENTAL EXCHANGE INC	$15,152,000	-41.4%	131,960	-39.4%	1.27%	-46.4%
MDLZ	Buy	MONDELEZ INTL INC	$14,544,000	-6.0%	249,990	+0.9%	1.22%	-14.0%
PXD	Buy	PIONEER NATURAL RESOURCES CO	$13,735,000	+3.1%	82,487	+0.6%	1.15%	-5.7%
LITE	Sell	LUMENTUM HLDGS INC	$13,674,000	+0.8%	163,682	-1.0%	1.14%	-7.8%
LUV	Buy	SOUTHWEST AIRLINES CO	$13,224,000	+45.5%	257,128	+50.2%	1.10%	+33.0%
CVX	Buy	CHEVRON CORP	$13,090,000	+15.9%	129,031	+19.7%	1.09%	+6.0%
HCA	Sell	HCA HEALTHCARE INC	$12,724,000	+0.9%	52,424	-14.0%	1.06%	-7.6%
IQV	Sell	IQVIA HOLDING INC	$12,678,000	-2.1%	52,927	-0.9%	1.06%	-10.4%
RTX	Buy	RAYTHEON TECHNOLOGIES CORP	$12,679,000	+126.3%	147,491	+124.6%	1.06%	+107.0%
C	Buy	CITIGROUP INC	$12,409,000	+20.8%	176,826	+21.8%	1.04%	+10.4%
KEYS	Sell	KEYSIGHT TECHNOLOGIES INC	$12,313,000	-10.3%	74,946	-15.7%	1.03%	-18.0%
PEP	Buy	PEPSICO INC	$11,019,000	+6.5%	73,260	+4.9%	0.92%	-2.6%
SYF	Buy	SYNCHRONY FINL	$10,640,000	+81.4%	217,660	+80.1%	0.89%	+65.9%
EQH	New	EQUITABLE HLDGS INC	$10,291,000	–	347,199	–	0.86%	–
DD	Buy	DUPONT DE NEMOURS INC	$9,847,000	-9.3%	144,824	+3.3%	0.82%	-17.0%
LEVI	Buy	LEVI STRAUSS & CO	$9,619,000	+58.1%	392,425	+78.8%	0.80%	+44.6%
PH	Buy	PARKER HANNIFIN CORP	$9,526,000	+89.8%	34,070	+108.4%	0.80%	+73.4%
MTZ	Buy	MASTEC INC	$9,235,000	-14.7%	107,028	+4.9%	0.77%	-22.0%
IGM	Buy	ISHARES EXPND TECH SECTOR ETFmutual funds/eq	$8,668,000	+6.9%	21,474	+6.9%	0.72%	-2.2%
FIS	Buy	FIDELITY NATIONAL INFORMATION	$8,397,000	-7.4%	69,005	+7.8%	0.70%	-15.3%
CHWY	Buy	CHEWY INC	$8,107,000	+45.1%	119,035	+69.8%	0.68%	+32.7%
NEE	Buy	NEXTERA ENERGY INC	$7,751,000	+36.4%	98,717	+27.3%	0.65%	+24.9%
DSEY	Buy	DIVERSEY HLDGS LTDforeign stock	$7,361,000	-6.6%	458,867	+4.3%	0.62%	-14.6%
ZNGA	Buy	ZYNGA INC	$7,127,000	-26.9%	946,528	+3.2%	0.60%	-33.1%
LPLA	New	LPL FINL HLDGS INC	$6,478,000	–	41,326	–	0.54%	–
CHDN	New	CHURCHILL DOWNS INC	$6,282,000	–	26,167	–	0.52%	–
AZN	New	ASTRAZENECA PLCforeign stock	$5,148,000	–	85,714	–	0.43%	–
HD	Buy	HOME DEPOT INC	$3,314,000	+169.4%	10,096	+161.6%	0.28%	+147.3%
BP	Buy	BP PLCforeign stock	$2,890,000	+273.9%	105,751	+261.7%	0.24%	+240.8%
MRK	Buy	MERCK & CO INC	$2,894,000	+240.9%	38,536	+253.1%	0.24%	+210.3%
T	Buy	AT&T INC	$2,833,000	+233.7%	104,881	+255.6%	0.24%	+203.8%
VLO	Buy	VALERO ENERGY CORP NEW	$2,812,000	+268.5%	39,840	+307.9%	0.24%	+235.7%
AMGN	Buy	AMGEN INC	$2,783,000	+169.7%	13,086	+209.1%	0.23%	+147.9%
AEP	Buy	AMERICAN ELECTRIC POWER CO INC	$2,787,000	+162.4%	34,329	+173.5%	0.23%	+140.2%
CFG	New	CITIZENS FINL GROUP INC	$2,770,000	–	58,965	–	0.23%	–
VZ	Buy	VERIZON COMMUNICATIONS INC	$2,773,000	+211.9%	51,341	+223.8%	0.23%	+186.4%
ABBV	Buy	ABBVIE INC	$2,762,000	+213.5%	25,602	+227.5%	0.23%	+185.2%
PFE	Buy	PFIZER INC	$2,718,000	+214.2%	63,212	+186.0%	0.23%	+187.3%
MCD	Buy	MCDONALDS CORP	$2,664,000	+229.3%	11,048	+215.6%	0.22%	+201.4%
MET	Buy	METLIFE INC	$2,605,000	+270.6%	42,194	+259.3%	0.22%	+240.6%
XLRE	Buy	SELECT SECTOR SPDRmutual funds/eq	$2,591,000	+183.5%	58,287	+182.7%	0.22%	+158.3%
KO	Buy	COCA-COLA CO	$2,584,000	+212.5%	49,252	+222.3%	0.22%	+184.2%
ACC	Buy	AMERICAN CAMPUS COMMUNITIES INC	$2,549,000	+232.3%	52,612	+220.4%	0.21%	+204.3%
ADM	Buy	ARCHER-DANIELS-MIDLAND CO	$2,537,000	+243.3%	42,271	+246.8%	0.21%	+211.8%
APH	Buy	AMPHENOL CORP	$2,526,000	+234.1%	34,493	+212.0%	0.21%	+205.8%
CMCSA	Buy	COMCAST CORP	$2,529,000	+225.1%	45,225	+231.4%	0.21%	+197.2%
MS	Buy	MORGAN STANLEY	$2,499,000	+194.0%	25,683	+177.0%	0.21%	+167.9%
UNP	Buy	UNION PACIFIC CORP	$2,483,000	+223.3%	12,668	+262.7%	0.21%	+197.1%
O	New	REALTY INCOME CORP	$2,483,000	–	38,288	–	0.21%	–
EMN	Buy	EASTMAN CHEMICAL CO	$2,465,000	+228.2%	24,469	+280.3%	0.21%	+198.6%
QCOM	Buy	QUALCOMM INC	$2,460,000	+224.1%	19,074	+259.1%	0.21%	+198.6%
NRG	Buy	NRG ENERGY INC	$2,459,000	+206.6%	60,225	+202.5%	0.21%	+182.2%
PM	Buy	PHILIP MORRIS INTERNATIONAL INC	$2,463,000	+207.5%	25,985	+221.7%	0.21%	+182.2%
TGT	Buy	TARGET CORP	$2,416,000	+175.8%	10,562	+191.5%	0.20%	+152.5%
OHI	Buy	OMEGA HEALTHCARE INVESTORS INC	$2,389,000	+227.3%	79,726	+296.3%	0.20%	+198.5%
BX	Buy	BLACKSTONE GROUP INC	$2,284,000	+148.3%	19,629	+107.2%	0.19%	+127.4%
UPS	Buy	UNITED PARCEL SERVICE	$940,000	-11.4%	5,160	+1.2%	0.08%	-18.6%
TFC	Buy	TRUIST FINL CORP	$835,000	+6.1%	14,236	+0.4%	0.07%	-2.8%
FDN	Buy	FIRST TRUST DOW JONES INTERNETmutual funds/eq	$598,000	+2.0%	2,536	+5.9%	0.05%	-7.4%
BAC	Sell	BANK OF AMERICA CORP	$530,000	-94.6%	12,483	-94.8%	0.04%	-95.1%
CSX	Sell	CSX CORP	$475,000	-8.7%	15,975	-1.4%	0.04%	-16.7%
LLY	New	ELI LILLY & CO	$469,000	–	2,030	–	0.04%	–
XLC	Buy	SELECT SECTOR SPDRmutual funds/eq	$448,000	+1.4%	5,589	+2.3%	0.04%	-7.5%
MO	Buy	ALTRIA GROUP INC	$382,000	+4.9%	8,400	+10.2%	0.03%	-3.0%
NSC	Sell	NORFOLK SOUTHERN CORP	$335,000	-15.8%	1,400	-6.7%	0.03%	-22.2%
DUK	New	DUKE ENERGY CORP	$333,000	–	3,409	–	0.03%	–
BA	New	BOEING CO	$251,000	–	1,139	–	0.02%	–
WFC	Buy	WELLS FARGO & CO NEW	$228,000	+9.1%	4,919	+6.5%	0.02%	0.0%
USB	Sell	US BANCORP DEL	$221,000	-7.9%	3,713	-11.9%	0.02%	-18.2%
ABT	New	ABBOTT LABORATORIES	$220,000	–	1,865	–	0.02%	–
LTC	New	LTC PROPERTIES INC	$201,000	–	6,350	–	0.02%	–
GD	Exit	GENERAL DYNAMICS CORP	$0	–	-3,994	–	-0.07%	–
PNC	Exit	PNC FINANCIAL SERVICES GROUP	$0	–	-4,351	–	-0.08%	–

Q2 2021

			Value		Shares		↓ Weighting
CTBI	New	COMMUNITY TR BANCORP INC	$71,877,000	–	1,780,024	–	6.57%	–
AAPL	New	APPLE INC	$58,542,000	–	427,438	–	5.35%	–
MSFT	New	MICROSOFT CORP	$55,402,000	–	204,510	–	5.06%	–
GOOG	New	ALPHABET INC	$54,307,000	–	21,669	–	4.96%	–
AMZN	New	AMAZON COM INC SR	$50,057,000	–	14,550	–	4.58%	–
V	New	VISA INC	$36,826,000	–	157,496	–	3.37%	–
FB	New	FACEBOOK INC	$34,064,000	–	97,968	–	3.11%	–
UNH	New	UNITEDHEALTH GROUP INC	$26,328,000	–	65,748	–	2.41%	–
JPM	New	JP MORGAN CHASE & CO	$26,049,000	–	167,473	–	2.38%	–
ICE	New	INTERCONTINENTAL EXCHANGE INC	$25,856,000	–	217,827	–	2.36%	–
HON	New	HONEYWELL INTERNATIONAL INC	$24,362,000	–	111,062	–	2.23%	–
LHX	New	L3HARRIS TECHNOLOGIES INC COM	$23,173,000	–	107,210	–	2.12%	–
CSCO	New	CISCO SYSTEMS INC	$22,848,000	–	431,086	–	2.09%	–
CVS	New	CVS HEALTH CORPORATION	$22,267,000	–	266,859	–	2.04%	–
AVGO	New	BROADCOM INC COM	$22,049,000	–	46,239	–	2.02%	–
ATVI	New	ACTIVISION BLIZZARD INC	$21,840,000	–	228,831	–	2.00%	–
MDT	New	MEDTRONIC PLCforeign stock	$21,679,000	–	174,651	–	1.98%	–
TJX	New	TJX COS INC NEW	$20,328,000	–	301,518	–	1.86%	–
VNQ	New	VANGUARD REAL ESTATE ETFmutual funds/eq	$20,317,000	–	199,589	–	1.86%	–
LOW	New	LOWES COMPANIES INC	$19,972,000	–	102,965	–	1.82%	–
PYPL	New	PAYPAL HLDGS INC	$19,402,000	–	66,562	–	1.77%	–
WMT	New	WALMART INC	$19,233,000	–	136,382	–	1.76%	–
XLU	New	SELECT SECTOR SPDRmutual funds/eq	$19,003,000	–	300,544	–	1.74%	–
JNJ	New	JOHNSON & JOHNSON	$18,828,000	–	114,293	–	1.72%	–
DIS	New	DISNEY WALT CO	$18,410,000	–	104,735	–	1.68%	–
BRKB	New	BERKSHIRE HATHAWAY INC	$16,385,000	–	58,957	–	1.50%	–
NKE	New	NIKE INC	$16,306,000	–	105,549	–	1.49%	–
MDLZ	New	MONDELEZ INTL INC	$15,471,000	–	247,769	–	1.41%	–
LIN	New	LINDE PLCforeign stock	$15,051,000	–	52,059	–	1.38%	–
PG	New	PROCTER & GAMBLE CO	$14,996,000	–	111,138	–	1.37%	–
TMO	New	THERMO FISHER SCIENTIFIC INC	$14,586,000	–	28,912	–	1.33%	–
KEYS	New	KEYSIGHT TECHNOLOGIES INC	$13,732,000	–	88,934	–	1.26%	–
LITE	New	LUMENTUM HLDGS INC	$13,564,000	–	165,343	–	1.24%	–
PXD	New	PIONEER NATURAL RESOURCES CO	$13,322,000	–	81,973	–	1.22%	–
IQV	New	IQVIA HOLDING INC	$12,945,000	–	53,422	–	1.18%	–
HCA	New	HCA HEALTHCARE INC	$12,609,000	–	60,988	–	1.15%	–
CVX	New	CHEVRON CORP	$11,292,000	–	107,810	–	1.03%	–
DD	New	DUPONT DE NEMOURS INC	$10,857,000	–	140,259	–	0.99%	–
MTZ	New	MASTEC INC	$10,827,000	–	102,041	–	0.99%	–
PEP	New	PEPSICO INC	$10,347,000	–	69,828	–	0.95%	–
C	New	CITIGROUP INC	$10,274,000	–	145,213	–	0.94%	–
BAC	New	BANK OF AMERICA CORP	$9,874,000	–	239,469	–	0.90%	–
ZNGA	New	ZYNGA INC	$9,750,000	–	917,170	–	0.89%	–
LUV	New	SOUTHWEST AIRLINES CO	$9,091,000	–	171,232	–	0.83%	–
FIS	New	FIDELITY NATIONAL INFORMATION	$9,069,000	–	64,014	–	0.83%	–
IGM	New	ISHARES EXPND TECH SECTOR ETFmutual funds/eq	$8,112,000	–	20,080	–	0.74%	–
DSEY	New	DIVERSEY HLDGS LTDforeign stock	$7,879,000	–	439,938	–	0.72%	–
LEVI	New	LEVI STRAUSS & CO	$6,084,000	–	219,482	–	0.56%	–
SYF	New	SYNCHRONY FINL	$5,866,000	–	120,888	–	0.54%	–
NEE	New	NEXTERA ENERGY INC	$5,681,000	–	77,518	–	0.52%	–
RTX	New	RAYTHEON TECHNOLOGIES CORP	$5,602,000	–	65,671	–	0.51%	–
CHWY	New	CHEWY INC	$5,586,000	–	70,087	–	0.51%	–
PEBO	New	PEOPLES BANCORP INC	$5,428,000	–	183,249	–	0.50%	–
PH	New	PARKER HANNIFIN CORP	$5,020,000	–	16,346	–	0.46%	–
GSIE	New	GOLDMAN SACHS ACTIVEBETAmutual funds/eq	$2,270,000	–	65,000	–	0.21%	–
DIA	New	SPDR DOW JONES INDUSTRIALmutual funds/eq	$1,345,000	–	3,900	–	0.12%	–
HD	New	HOME DEPOT INC	$1,230,000	–	3,859	–	0.11%	–
AEP	New	AMERICAN ELECTRIC POWER CO INC	$1,062,000	–	12,550	–	0.10%	–
UPS	New	UNITED PARCEL SERVICE	$1,061,000	–	5,100	–	0.10%	–
AMGN	New	AMGEN INC	$1,032,000	–	4,233	–	0.09%	–
BX	New	BLACKSTONE GROUP INC	$920,000	–	9,475	–	0.08%	–
XLRE	New	SELECT SECTOR SPDRmutual funds/eq	$914,000	–	20,619	–	0.08%	–
VZ	New	VERIZON COMMUNICATIONS INC	$889,000	–	15,854	–	0.08%	–
ABBV	New	ABBVIE INC	$881,000	–	7,818	–	0.08%	–
TGT	New	TARGET CORP	$876,000	–	3,623	–	0.08%	–
PFE	New	PFIZER INC	$865,000	–	22,101	–	0.08%	–
MRK	New	MERCK & CO INC	$849,000	–	10,915	–	0.08%	–
MS	New	MORGAN STANLEY	$850,000	–	9,272	–	0.08%	–
T	New	AT&T INC	$849,000	–	29,498	–	0.08%	–
KO	New	COCA-COLA CO	$827,000	–	15,283	–	0.08%	–
PNC	New	PNC FINANCIAL SERVICES GROUP	$830,000	–	4,351	–	0.08%	–
MCD	New	MCDONALDS CORP	$809,000	–	3,501	–	0.07%	–
NRG	New	NRG ENERGY INC	$802,000	–	19,910	–	0.07%	–
PM	New	PHILIP MORRIS INTERNATIONAL INC	$801,000	–	8,077	–	0.07%	–
TFC	New	TRUIST FINL CORP	$787,000	–	14,175	–	0.07%	–
CMCSA	New	COMCAST CORP	$778,000	–	13,645	–	0.07%	–
BP	New	BP PLCforeign stock	$773,000	–	29,241	–	0.07%	–
VLO	New	VALERO ENERGY CORP NEW	$763,000	–	9,767	–	0.07%	–
UNP	New	UNION PACIFIC CORP	$768,000	–	3,493	–	0.07%	–
ACC	New	AMERICAN CAMPUS COMMUNITIES INC	$767,000	–	16,419	–	0.07%	–
QCOM	New	QUALCOMM INC	$759,000	–	5,311	–	0.07%	–
EMN	New	EASTMAN CHEMICAL CO	$751,000	–	6,434	–	0.07%	–
APH	New	AMPHENOL CORP	$756,000	–	11,055	–	0.07%	–
GD	New	GENERAL DYNAMICS CORP	$752,000	–	3,994	–	0.07%	–
ADM	New	ARCHER-DANIELS-MIDLAND CO	$739,000	–	12,190	–	0.07%	–
OHI	New	OMEGA HEALTHCARE INVESTORS INC	$730,000	–	20,119	–	0.07%	–
MET	New	METLIFE INC	$703,000	–	11,744	–	0.06%	–
FDN	New	FIRST TRUST DOW JONES INTERNETmutual funds/eq	$586,000	–	2,395	–	0.05%	–
CSX	New	CSX CORP	$520,000	–	16,200	–	0.05%	–
XLE	New	SELECT SECTOR SPDRmutual funds/eq	$483,000	–	8,975	–	0.04%	–
XLC	New	SELECT SECTOR SPDRmutual funds/eq	$442,000	–	5,463	–	0.04%	–
NSC	New	NORFOLK SOUTHERN CORP	$398,000	–	1,500	–	0.04%	–
USMV	New	ISHARES MSCI USA MINIMUMmutual funds/eq	$399,000	–	5,424	–	0.04%	–
BFA	New	BROWN-FORMAN CORP	$388,000	–	5,500	–	0.04%	–
MO	New	ALTRIA GROUP INC	$364,000	–	7,625	–	0.03%	–
WY	New	WEYERHAEUSER CO	$332,000	–	9,635	–	0.03%	–
LPX	New	LOUISIANA-PACIFIC CORP	$312,000	–	5,174	–	0.03%	–
FGBI	New	FIRST GTY BANCSHARES INC	$308,000	–	15,802	–	0.03%	–
GSSC	New	GOLDMAN SACHS ACTIVEBETAmutual funds/eq	$251,000	–	3,866	–	0.02%	–
GOOGL	New	ALPHABET INC	$252,000	–	103	–	0.02%	–
USB	New	US BANCORP DEL	$240,000	–	4,213	–	0.02%	–
WFC	New	WELLS FARGO & CO NEW	$209,000	–	4,619	–	0.02%	–
ARLP	New	ALLIANCE RESOURCE PARTNERS LPpartnerships	$151,000	–	21,000	–	0.01%	–
PTN	New	PALATIN TECHNOLOGIES INC	$14,000	–	22,388	–	0.00%	–

Q4 2020

			Value		Shares		↓ Weighting
PTN	Exit	PALATIN TECHNOLOGIES INC	$0	–	-22,388	–	-0.00%	–
GE	Exit	GENERAL ELECTRIC CO	$0	–	-10,451	–	-0.01%	–
JAX	Exit	J ALEXANDERS HLDGS INC	$0	–	-11,000	–	-0.01%	–
GSSC	Exit	GOLDMAN SACHS ACTIVEBETAmutual funds/eq	$0	–	-4,808	–	-0.02%	–
BIIB	Exit	BIOGEN INC	$0	–	-706	–	-0.02%	–
WY	Exit	WEYERHAEUSER CO	$0	–	-9,635	–	-0.03%	–
NEE	Exit	NEXTERA ENERGY INC	$0	–	-1,324	–	-0.04%	–
USMV	Exit	ISHARES MSCI USA MINIMUMmutual funds/eq	$0	–	-5,829	–	-0.04%	–
AEP	Exit	AMERICAN ELECTRIC POWER CO INC	$0	–	-4,877	–	-0.05%	–
GSIE	Exit	GOLDMAN SACHS ACTIVEBETAmutual funds/eq	$0	–	-14,655	–	-0.05%	–
AMGN	Exit	AMGEN INC	$0	–	-1,851	–	-0.05%	–
BFA	Exit	BROWN-FORMAN CORP	$0	–	-7,350	–	-0.06%	–
TFC	Exit	TRUIST FINL CORP	$0	–	-14,175	–	-0.06%	–
HD	Exit	HOME DEPOT INC	$0	–	-2,444	–	-0.08%	–
UPS	Exit	UNITED PARCEL SERVICE	$0	–	-6,000	–	-0.11%	–
DIA	Exit	SPDR DOW JONES INDUSTRIALmutual funds/eq	$0	–	-3,900	–	-0.12%	–
IWV	Exit	ISHARES RUSSELL 3000 (MKT)mutual funds/eq	$0	–	-10,082	–	-0.23%	–
PEBO	Exit	PEOPLES BANCORP INC	$0	–	-183,249	–	-0.40%	–
ALSN	Exit	ALLISON TRANSMISSION HLDGS INC	$0	–	-112,950	–	-0.45%	–
MCD	Exit	MCDONALDS CORP	$0	–	-22,172	–	-0.56%	–
BP	Exit	BP PLCforeign stock	$0	–	-345,441	–	-0.69%	–
T	Exit	AT&T INC	$0	–	-224,235	–	-0.73%	–
PFE	Exit	PFIZER INC	$0	–	-177,708	–	-0.75%	–
BA	Exit	BOEING CO	$0	–	-44,951	–	-0.85%	–
CVX	Exit	CHEVRON CORP	$0	–	-109,445	–	-0.90%	–
IQV	Exit	IQVIA HOLDING INC	$0	–	-51,755	–	-0.93%	–
MTZ	Exit	MASTEC INC	$0	–	-207,270	–	-1.00%	–
C	Exit	CITIGROUP INC	$0	–	-204,068	–	-1.01%	–
KEYS	Exit	KEYSIGHT TECHNOLOGIES INC	$0	–	-89,968	–	-1.02%	–
PEP	Exit	PEPSICO INC	$0	–	-71,318	–	-1.13%	–
DD	Exit	DUPONT DE NEMOURS INC	$0	–	-186,159	–	-1.18%	–
NKE	Exit	NIKE INC	$0	–	-85,379	–	-1.23%	–
CAT	Exit	CATERPILLAR INC	$0	–	-76,387	–	-1.30%	–
FIS	Exit	FIDELITY NATIONAL INFORMATION	$0	–	-78,442	–	-1.32%	–
LIN	Exit	LINDE PLCforeign stock	$0	–	-49,137	–	-1.34%	–
HCA	Exit	HCA HEALTHCARE INC	$0	–	-94,948	–	-1.35%	–
PXD	Exit	PIONEER NATURAL RESOURCES CO	$0	–	-140,243	–	-1.38%	–
TMO	Exit	THERMO FISHER SCIENTIFIC INC	$0	–	-27,343	–	-1.38%	–
PG	Exit	PROCTER & GAMBLE CO	$0	–	-89,794	–	-1.43%	–
VNQ	Exit	VANGUARD REAL ESTATE ETFmutual funds/eq	$0	–	-169,091	–	-1.53%	–
DIS	Exit	DISNEY WALT CO	$0	–	-124,032	–	-1.76%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC	$0	–	-73,556	–	-1.79%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-110,095	–	-1.88%	–
LOW	Exit	LOWES COMPANIES INC	$0	–	-104,582	–	-1.98%	–
MDLZ	Exit	MONDELEZ INTL INC	$0	–	-304,845	–	-2.00%	–
WMT	Exit	WALMART INC	$0	–	-128,465	–	-2.06%	–
LHX	Exit	L3HARRIS TECHNOLOGIES INC COM	$0	–	-107,029	–	-2.08%	–
CVS	Exit	CVS HEALTH CORPORATION	$0	–	-317,722	–	-2.12%	–
AVGO	Exit	BROADCOM INC COM	$0	–	-52,573	–	-2.19%	–
BAC	Exit	BANK OF AMERICA CORP	$0	–	-819,962	–	-2.26%	–
TJX	Exit	TJX COS INC NEW	$0	–	-355,169	–	-2.26%	–
CSCO	Exit	CISCO SYSTEMS INC	$0	–	-506,811	–	-2.28%	–
MDT	Exit	MEDTRONIC PLCforeign stock	$0	–	-196,256	–	-2.33%	–
ATVI	Exit	ACTIVISION BLIZZARD INC	$0	–	-252,023	–	-2.33%	–
XLU	Exit	SELECT SECTOR SPDRmutual funds/eq	$0	–	-344,043	–	-2.34%	–
HON	Exit	HONEYWELL INTERNATIONAL INC	$0	–	-125,388	–	-2.36%	–
JPM	Exit	JP MORGAN CHASE & CO	$0	–	-224,585	–	-2.47%	–
ICE	Exit	INTERCONTINENTAL EXCHANGE INC	$0	–	-216,504	–	-2.48%	–
FB	Exit	FACEBOOK INC	$0	–	-97,329	–	-2.92%	–
UNH	Exit	UNITEDHEALTH GROUP INC	$0	–	-98,103	–	-3.50%	–
V	Exit	VISA INC	$0	–	-184,028	–	-4.21%	–
AMZN	Exit	AMAZON COM INC SR	$0	–	-11,804	–	-4.25%	–
GOOG	Exit	ALPHABET INC	$0	–	-25,819	–	-4.34%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-222,291	–	-5.35%	–
AAPL	Exit	APPLE INC	$0	–	-424,810	–	-5.63%	–
CTBI	Exit	COMMUNITY TR BANCORP INC	$0	–	-1,845,315	–	-5.97%	–

Q3 2020

			Value		Shares		↓ Weighting
CTBI	Buy	COMMUNITY TR BANCORP INC	$52,148,000	-12.4%	1,845,315	+1.6%	5.97%	-16.7%
AAPL	Buy	APPLE INC	$49,197,000	+16.3%	424,810	+266.4%	5.63%	+10.6%
MSFT	Sell	MICROSOFT CORP	$46,754,000	+2.6%	222,291	-0.8%	5.35%	-2.5%
GOOG	Sell	ALPHABET INC	$37,944,000	+3.2%	25,819	-0.7%	4.34%	-1.9%
AMZN	Sell	AMAZON COM INC SR	$37,167,000	+11.5%	11,804	-2.3%	4.25%	+6.0%
V	Sell	VISA INC	$36,801,000	+3.0%	184,028	-0.5%	4.21%	-2.1%
UNH	Sell	UNITEDHEALTH GROUP INC	$30,586,000	+5.0%	98,103	-0.6%	3.50%	-0.2%
FB	Sell	FACEBOOK INC	$25,490,000	+2.8%	97,329	-10.9%	2.92%	-2.3%
ICE	Sell	INTERCONTINENTAL EXCHANGE INC	$21,662,000	+9.0%	216,504	-0.2%	2.48%	+3.6%
JPM	Sell	JP MORGAN CHASE & CO	$21,621,000	-9.6%	224,585	-11.7%	2.47%	-14.0%
HON	Buy	HONEYWELL INTERNATIONAL INC	$20,640,000	+13.9%	125,388	+0.1%	2.36%	+8.3%
XLU	Sell	SELECT SECTOR SPDRmutual funds/eq	$20,429,000	+5.2%	344,043	-0.0%	2.34%	0.0%
ATVI	Sell	ACTIVISION BLIZZARD INC	$20,402,000	-6.7%	252,023	-12.6%	2.33%	-11.4%
MDT	Sell	MEDTRONIC PLCforeign stock	$20,395,000	+13.1%	196,256	-0.2%	2.33%	+7.5%
CSCO	Buy	CISCO SYSTEMS INC	$19,964,000	-5.6%	506,811	+11.8%	2.28%	-10.2%
TJX	Sell	TJX COS INC NEW	$19,765,000	+9.4%	355,169	-0.6%	2.26%	+4.0%
BAC	Sell	BANK OF AMERICA CORP	$19,753,000	+1.3%	819,962	-0.1%	2.26%	-3.7%
AVGO	Sell	BROADCOM INC COM	$19,153,000	+14.1%	52,573	-1.2%	2.19%	+8.4%
CVS	Buy	CVS HEALTH CORPORATION	$18,555,000	+4.9%	317,722	+16.7%	2.12%	-0.3%
LHX	Buy	L3HARRIS TECHNOLOGIES INC COM	$18,177,000	+16.9%	107,029	+16.8%	2.08%	+11.2%
WMT	Sell	WALMART INC	$17,974,000	+16.4%	128,465	-0.4%	2.06%	+10.6%
MDLZ	Buy	MONDELEZ INTL INC	$17,513,000	+12.4%	304,845	+0.1%	2.00%	+6.9%
LOW	Sell	LOWES COMPANIES INC	$17,346,000	+22.0%	104,582	-0.6%	1.98%	+16.0%
JNJ	Buy	JOHNSON & JOHNSON	$16,391,000	+6.1%	110,095	+0.2%	1.88%	+0.8%
BRKB	Buy	BERKSHIRE HATHAWAY INC	$15,663,000	+19.8%	73,556	+0.4%	1.79%	+13.9%
DIS	Buy	DISNEY WALT CO	$15,390,000	+11.3%	124,032	+0.0%	1.76%	+5.8%
VNQ	Buy	VANGUARD REAL ESTATE ETFmutual funds/eq	$13,351,000	+0.6%	169,091	+0.0%	1.53%	-4.4%
PG	Buy	PROCTER & GAMBLE CO	$12,481,000	+16.9%	89,794	+0.5%	1.43%	+11.0%
TMO	Buy	THERMO FISHER SCIENTIFIC INC	$12,073,000	+23.3%	27,343	+1.2%	1.38%	+17.2%
PXD	Sell	PIONEER NATURAL RESOURCES CO	$12,059,000	-13.0%	140,243	-1.2%	1.38%	-17.3%
HCA	Sell	HCA HEALTHCARE INC	$11,838,000	+27.4%	94,948	-0.8%	1.35%	+21.1%
LIN	Buy	LINDE PLCforeign stock	$11,701,000	+13.4%	49,137	+1.0%	1.34%	+7.8%
FIS	Sell	FIDELITY NATIONAL INFORMATION	$11,548,000	+9.8%	78,442	-0.0%	1.32%	+4.3%
CAT	Sell	CATERPILLAR INC	$11,393,000	+13.7%	76,387	-3.6%	1.30%	+8.0%
NKE	Buy	NIKE INC	$10,718,000	+30.2%	85,379	+1.7%	1.23%	+23.7%
DD	Sell	DUPONT DE NEMOURS INC	$10,328,000	+3.8%	186,159	-0.6%	1.18%	-1.3%
PEP	Sell	PEPSICO INC	$9,885,000	+4.3%	71,318	-0.4%	1.13%	-0.8%
KEYS	Buy	KEYSIGHT TECHNOLOGIES INC	$8,888,000	+145.8%	89,968	+150.7%	1.02%	+133.8%
C	Sell	CITIGROUP INC	$8,798,000	-15.8%	204,068	-0.2%	1.01%	-20.0%
MTZ	Sell	MASTEC INC	$8,747,000	-6.6%	207,270	-0.7%	1.00%	-11.2%
IQV	Buy	IQVIA HOLDING INC	$8,159,000	+40.5%	51,755	+26.5%	0.93%	+33.5%
CVX	Buy	CHEVRON CORP	$7,880,000	-18.6%	109,445	+0.9%	0.90%	-22.6%
BA	Sell	BOEING CO	$7,429,000	-11.4%	44,951	-1.7%	0.85%	-15.8%
PFE	Sell	PFIZER INC	$6,522,000	+9.1%	177,708	-2.8%	0.75%	+3.8%
T	Sell	AT&T INC	$6,393,000	-31.3%	224,235	-27.2%	0.73%	-34.7%
BP	Sell	BP PLCforeign stock	$6,031,000	-25.5%	345,441	-0.4%	0.69%	-29.2%
MCD	Buy	MCDONALDS CORP	$4,866,000	+25.3%	22,172	+5.3%	0.56%	+19.3%
ALSN	New	ALLISON TRANSMISSION HLDGS INC	$3,969,000	–	112,950	–	0.45%	–
UPS	Sell	UNITED PARCEL SERVICE	$1,000,000	+45.6%	6,000	-2.9%	0.11%	+37.3%
HD	Sell	HOME DEPOT INC	$679,000	+5.6%	2,444	-4.8%	0.08%	+1.3%
TFC	Sell	TRUIST FINL CORP	$539,000	-1.8%	14,175	-3.1%	0.06%	-6.1%
AMGN	Buy	AMGEN INC	$470,000	+13.5%	1,851	+5.4%	0.05%	+8.0%
GSIE	New	GOLDMAN SACHS ACTIVEBETAmutual funds/eq	$413,000	–	14,655	–	0.05%	–
AEP	Buy	AMERICAN ELECTRIC POWER CO INC	$399,000	+14.3%	4,877	+11.4%	0.05%	+9.5%
NEE	Buy	NEXTERA ENERGY INC	$367,000	+27.4%	1,324	+10.1%	0.04%	+20.0%
BIIB	New	BIOGEN INC	$200,000	–	706	–	0.02%	–
GSSC	New	GOLDMAN SACHS ACTIVEBETAmutual funds/eq	$202,000	–	4,808	–	0.02%	–
GE	New	GENERAL ELECTRIC CO	$65,000	–	10,451	–	0.01%	–
MKL	Exit	MARKEL CORP	$0	–	-5,883	–	-0.65%	–

Q2 2020

			Value		Shares		↓ Weighting
CTBI	New	COMMUNITY TR BANCORP INC	$59,507,000	–	1,816,470	–	7.16%	–
MSFT	New	MICROSOFT CORP	$45,581,000	–	223,975	–	5.49%	–
AAPL	New	APPLE INC	$42,298,000	–	115,948	–	5.09%	–
GOOG	New	ALPHABET INC	$36,772,000	–	26,013	–	4.43%	–
V	New	VISA INC	$35,724,000	–	184,935	–	4.30%	–
AMZN	New	AMAZON COM INC SR	$33,344,000	–	12,086	–	4.01%	–
UNH	New	UNITEDHEALTH GROUP INC	$29,117,000	–	98,720	–	3.50%	–
FB	New	FACEBOOK INC	$24,797,000	–	109,203	–	2.98%	–
JPM	New	JPMORGAN CHASE & CO	$23,913,000	–	254,235	–	2.88%	–
ATVI	New	ACTIVISION BLIZZARD INC	$21,877,000	–	288,228	–	2.63%	–
CSCO	New	CISCO SYSTEMS INC	$21,138,000	–	453,218	–	2.54%	–
ICE	New	INTERCONTINENTAL EXCHANGE INC	$19,875,000	–	216,970	–	2.39%	–
BAC	New	BANK OF AMERICA CORP	$19,503,000	–	821,178	–	2.35%	–
XLU	New	SELECT SECTOR SPDRmutual funds/eq	$19,417,000	–	344,085	–	2.34%	–
HON	New	HONEYWELL INTERNATIONAL INC	$18,116,000	–	125,298	–	2.18%	–
TJX	New	TJX COS INC	$18,060,000	–	357,197	–	2.17%	–
MDT	New	MEDTRONIC PLC SHSforeign stock	$18,036,000	–	196,676	–	2.17%	–
CVS	New	CVS HEALTH CORPORATION	$17,687,000	–	272,240	–	2.13%	–
AVGO	New	BROADCOM INC COM	$16,790,000	–	53,199	–	2.02%	–
MDLZ	New	MONDELEZ INTL INC	$15,579,000	–	304,684	–	1.88%	–
LHX	New	L3HARRIS TECHNOLOGIES INC COM	$15,548,000	–	91,635	–	1.87%	–
JNJ	New	JOHNSON & JOHNSON	$15,449,000	–	109,858	–	1.86%	–
WMT	New	WALMART INC	$15,445,000	–	128,947	–	1.86%	–
LOW	New	LOWES COS INC	$14,217,000	–	105,217	–	1.71%	–
PXD	New	PIONEER NATURAL RESOURCES CO	$13,865,000	–	141,917	–	1.67%	–
DIS	New	DISNEY WALT CO SR NT	$13,825,000	–	123,981	–	1.66%	–
VNQ	New	VANGUARD REAL ESTATE ETFmutual funds/eq	$13,273,000	–	169,019	–	1.60%	–
BRKB	New	BERKSHIRE HATHAWAY INC	$13,076,000	–	73,250	–	1.57%	–
PG	New	PROCTER & GAMBLE CO	$10,680,000	–	89,314	–	1.29%	–
FIS	New	FIDELITY NATIONAL INFORMATION	$10,522,000	–	78,474	–	1.27%	–
C	New	CITIGROUP INC	$10,453,000	–	204,566	–	1.26%	–
LIN	New	LINDE PLCforeign stock	$10,315,000	–	48,629	–	1.24%	–
CAT	New	CATERPILLAR INC	$10,020,000	–	79,202	–	1.21%	–
DD	New	DUPONT DE NEMOURS INC	$9,946,000	–	187,192	–	1.20%	–
TMO	New	THERMO FISHER SCIENTIFIC INC	$9,788,000	–	27,016	–	1.18%	–
CVX	New	CHEVRON CORP	$9,680,000	–	108,484	–	1.16%	–
PEP	New	PEPSICO INC	$9,475,000	–	71,633	–	1.14%	–
MTZ	New	MASTEC INC	$9,364,000	–	208,673	–	1.13%	–
T	New	AT&T INC	$9,306,000	–	307,841	–	1.12%	–
HCA	New	HCA HEALTHCARE INC	$9,291,000	–	95,728	–	1.12%	–
BA	New	BOEING CO	$8,386,000	–	45,749	–	1.01%	–
NKE	New	NIKE INC	$8,232,000	–	83,963	–	0.99%	–
BP	New	BP PLCforeign stock	$8,092,000	–	346,999	–	0.97%	–
PFE	New	PFIZER INC	$5,976,000	–	182,746	–	0.72%	–
IQV	New	IQVIA HOLDING INC	$5,806,000	–	40,923	–	0.70%	–
MKL	New	MARKEL CORP	$5,431,000	–	5,883	–	0.65%	–
PEBO	New	PEOPLES BANCORP INC	$3,900,000	–	183,249	–	0.47%	–
MCD	New	MCDONALD'S CORP	$3,883,000	–	21,047	–	0.47%	–
KEYS	New	KEYSIGHT TECHNOLOGIES INC	$3,616,000	–	35,883	–	0.44%	–
IWV	New	ISHARES RUSSELL 3000 (MKT)mutual funds/eq	$1,815,000	–	10,082	–	0.22%	–
DIA	New	SPDR DOW JONES INDUSTRIALmutual funds/eq	$1,006,000	–	3,900	–	0.12%	–
UPS	New	UNITED PARCEL SERVICE	$687,000	–	6,177	–	0.08%	–
HD	New	HOME DEPOT INC	$643,000	–	2,566	–	0.08%	–
TFC	New	TRUIST FINL CORP	$549,000	–	14,631	–	0.07%	–
BFA	New	BROWN-FORMAN CORP	$424,000	–	7,350	–	0.05%	–
AMGN	New	AMGEN INC	$414,000	–	1,757	–	0.05%	–
USMV	New	ISHARES MSCI USA MINIMUMmutual funds/eq	$353,000	–	5,829	–	0.04%	–
AEP	New	AMERICAN ELECTRIC POWER CO INC	$349,000	–	4,378	–	0.04%	–
NEE	New	NEXTERA ENERGY INC	$288,000	–	1,202	–	0.04%	–
WY	New	WEYERHAEUSER CO	$216,000	–	9,635	–	0.03%	–
JAX	New	J ALEXANDERS HLDGS INC	$54,000	–	11,000	–	0.01%	–
PTN	New	PALATIN TECHNOLOGIES INC	$11,000	–	22,388	–	0.00%	–

Q4 2019

			Value		Shares		↓ Weighting
PTN	Exit	PALATIN TECHNOLOGIES INC	$0	–	-22,388	–	-0.00%	–
HAL	Exit	HALLIBURTON CO	$0	–	-11,185	–	-0.02%	–
BND	Exit	VANGUARD TOTAL BOND MARKET ETFmutual funds/fi	$0	–	-2,496	–	-0.02%	–
VTI	Exit	VANGUARD TOTAL STOCK MARKET ETFmutual funds/eq	$0	–	-1,498	–	-0.03%	–
SO	Exit	SOUTHERN CO	$0	–	-3,760	–	-0.03%	–
WY	Exit	WEYERHAEUSER CO	$0	–	-9,635	–	-0.03%	–
NEE	Exit	NEXTERA ENERGY INC	$0	–	-1,153	–	-0.03%	–
WFC	Exit	WELLS FARGO & CO	$0	–	-5,687	–	-0.03%	–
AMGN	Exit	AMGEN INC	$0	–	-1,724	–	-0.04%	–
USMV	Exit	ISHARES MSCI USA MINIMUMmutual funds/fi	$0	–	-5,961	–	-0.05%	–
BFA	Exit	BROWN-FORMAN CORP	$0	–	-7,850	–	-0.06%	–
AEP	Exit	AMERICAN ELECTRIC POWER CO INC	$0	–	-5,383	–	-0.06%	–
CXO	Exit	CONCHO RESOURCES INC	$0	–	-8,635	–	-0.07%	–
HD	Exit	HOME DEPOT INC	$0	–	-2,736	–	-0.08%	–
BBT	Exit	BB&T CORP	$0	–	-14,676	–	-0.09%	–
UPS	Exit	UNITED PARCEL SERVICE	$0	–	-6,793	–	-0.10%	–
DIA	Exit	SPDR DOW JONES INDUSTRIALmutual funds/eq	$0	–	-3,900	–	-0.13%	–
IWV	Exit	ISHARES RUSSELL 3000 (MKT)mutual funds/eq	$0	–	-11,948	–	-0.25%	–
PEBO	Exit	PEOPLES BANCORP INC	$0	–	-183,249	–	-0.70%	–
PFE	Exit	PFIZER INC	$0	–	-187,149	–	-0.81%	–
UN	Exit	UNILEVER NVforeign stock	$0	–	-130,103	–	-0.94%	–
FIS	Exit	FIDELITY NATIONAL INFORMATION	$0	–	-61,393	–	-0.98%	–
DIS	Exit	DISNEY WALT CO COM	$0	–	-72,262	–	-1.13%	–
PEP	Exit	PEPSICO INC	$0	–	-72,344	–	-1.19%	–
PVH	Exit	PVH CORP	$0	–	-117,877	–	-1.25%	–
CAT	Exit	CATERPILLAR INC	$0	–	-84,714	–	-1.28%	–
DD	Exit	DUPONT DE NEMOURS INC	$0	–	-152,711	–	-1.31%	–
DOW	Exit	DOW INC COM	$0	–	-236,358	–	-1.35%	–
PG	Exit	PROCTER & GAMBLE CO	$0	–	-90,784	–	-1.36%	–
HCA	Exit	HCA HEALTHCARE INC	$0	–	-97,604	–	-1.41%	–
MTZ	Exit	MASTEC INC	$0	–	-184,128	–	-1.44%	–
MKL	Exit	MARKEL CORP	$0	–	-10,152	–	-1.44%	–
LOW	Exit	LOWES COS INC	$0	–	-111,000	–	-1.46%	–
VNQ	Exit	VANGUARD REAL ESTATE ETFmutual funds/eq	$0	–	-135,968	–	-1.52%	–
CVX	Exit	CHEVRON CORP	$0	–	-111,185	–	-1.58%	–
FDX	Exit	FEDEX CORP	$0	–	-92,565	–	-1.62%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC	$0	–	-65,216	–	-1.63%	–
WMT	Exit	WALMART INC	$0	–	-115,058	–	-1.64%	–
PXD	Exit	PIONEER NATURAL RESOURCES CO	$0	–	-115,301	–	-1.74%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-113,969	–	-1.77%	–
XLU	Exit	UTILITIES SELECT SECTOR SPDRRmutual funds/eq	$0	–	-228,294	–	-1.77%	–
AVGO	Exit	BROADCOM INC COM	$0	–	-54,668	–	-1.81%	–
C	Exit	CITIGROUP INC	$0	–	-218,975	–	-1.82%	–
CVS	Exit	CVS HEALTH CORPORATION	$0	–	-242,515	–	-1.84%	–
BP	Exit	BP PLCforeign stock	$0	–	-405,413	–	-1.85%	–
ICE	Exit	INTERCONTINENTAL EXCHANGE INC	$0	–	-168,484	–	-1.87%	–
TJX	Exit	TJX COS INC	$0	–	-285,775	–	-1.91%	–
AMZN	Exit	AMAZON COM INC SR	$0	–	-9,610	–	-2.00%	–
BA	Exit	BOEING CO	$0	–	-46,543	–	-2.12%	–
MDLZ	Exit	MONDELEZ INTL INC	$0	–	-329,213	–	-2.19%	–
ATVI	Exit	ACTIVISION BLIZZARD INC	$0	–	-344,391	–	-2.19%	–
HON	Exit	HONEYWELL INTERNATIONAL INC	$0	–	-108,429	–	-2.20%	–
CSCO	Exit	CISCO SYSTEMS INC	$0	–	-396,071	–	-2.35%	–
T	Exit	AT&T INC	$0	–	-519,381	–	-2.36%	–
FB	Exit	FACEBOOK INC	$0	–	-113,813	–	-2.43%	–
MDT	Exit	MEDTRONIC PLC SHSforeign stock	$0	–	-204,651	–	-2.67%	–
UNH	Exit	UNITEDHEALTH GROUP INC	$0	–	-105,360	–	-2.75%	–
BAC	Exit	BANK OF AMERICA CORP	$0	–	-925,376	–	-3.24%	–
AAPL	Exit	APPLE INC	$0	–	-134,968	–	-3.63%	–
GOOG	Exit	ALPHABET INC	$0	–	-27,431	–	-4.01%	–
V	Exit	VISA INC	$0	–	-206,353	–	-4.26%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-263,962	–	-4.40%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-327,727	–	-4.63%	–
CTBI	Exit	COMMUNITY TR BANCORP INC	$0	–	-1,770,164	–	-9.05%	–

Q3 2019

			Value		Shares		↓ Weighting
CTBI	Buy	COMMUNITY TR BANCORP INC	$75,373,000	+1.7%	1,770,164	+1.0%	9.05%	-0.9%
JPM	Sell	JPMORGAN CHASE & CO	$38,570,000	+2.3%	327,727	-2.8%	4.63%	-0.3%
MSFT	Sell	MICROSOFT CORP	$36,698,000	-1.2%	263,962	-4.8%	4.40%	-3.7%
V	Sell	VISA INC	$35,494,000	-5.9%	206,353	-5.1%	4.26%	-8.3%
GOOG	Sell	ALPHABET INC	$33,439,000	+9.5%	27,431	-2.9%	4.01%	+6.7%
AAPL	Sell	APPLE INC	$30,228,000	+8.6%	134,968	-4.0%	3.63%	+5.9%
BAC	Sell	BANK OF AMERICA CORP	$26,993,000	-2.3%	925,376	-2.9%	3.24%	-4.8%
UNH	Sell	UNITEDHEALTH GROUP INC	$22,897,000	-12.7%	105,360	-2.0%	2.75%	-14.9%
MDT	New	MEDTRONIC PLC SHSforeign stock	$22,229,000	–	204,651	–	2.67%	–
FB	Sell	FACEBOOK INC	$20,267,000	-20.0%	113,813	-13.3%	2.43%	-22.1%
T	Sell	AT&T INC	$19,654,000	+8.3%	519,381	-4.1%	2.36%	+5.6%
CSCO	Buy	CISCO SYSTEMS INC	$19,570,000	+1.5%	396,071	+12.5%	2.35%	-1.0%
HON	Sell	HONEYWELL INTERNATIONAL INC	$18,346,000	-5.1%	108,429	-2.1%	2.20%	-7.5%
ATVI	Buy	ACTIVISION BLIZZARD INC	$18,226,000	+25.6%	344,391	+12.0%	2.19%	+22.4%
MDLZ	Sell	MONDELEZ INTL INC	$18,212,000	-1.7%	329,213	-4.2%	2.19%	-4.2%
BA	Sell	BOEING CO	$17,708,000	+1.6%	46,543	-2.8%	2.12%	-1.0%
AMZN	Buy	AMAZON COM INC SR	$16,682,000	+22.3%	9,610	+33.4%	2.00%	+19.2%
TJX	Buy	TJX COS INC	$15,929,000	+13.8%	285,775	+8.0%	1.91%	+11.0%
ICE	Buy	INTERCONTINENTAL EXCHANGE INC	$15,546,000	+20.7%	168,484	+12.4%	1.87%	+17.6%
BP	Sell	BP PLCforeign stock	$15,402,000	-10.2%	405,413	-1.5%	1.85%	-12.5%
CVS	Sell	CVS HEALTH CORPORATION	$15,295,000	+12.0%	242,515	-3.2%	1.84%	+9.2%
C	Sell	CITIGROUP INC	$15,127,000	-4.1%	218,975	-2.8%	1.82%	-6.5%
AVGO	Sell	BROADCOM INC COM	$15,092,000	-6.5%	54,668	-2.5%	1.81%	-8.9%
XLU	Sell	UTILITIES SELECT SECTOR SPDRRmutual funds/eq	$14,780,000	+6.1%	228,294	-2.3%	1.77%	+3.4%
JNJ	Sell	JOHNSON & JOHNSON	$14,746,000	-9.2%	113,969	-2.2%	1.77%	-11.5%
PXD	Buy	PIONEER NATURAL RESOURCES CO	$14,502,000	-11.5%	115,301	+8.2%	1.74%	-13.8%
WMT	Sell	WALMART INC	$13,655,000	+3.9%	115,058	-3.3%	1.64%	+1.3%
BRKB	Buy	BERKSHIRE HATHAWAY INC	$13,566,000	+11.1%	65,216	+13.9%	1.63%	+8.3%
FDX	Sell	FEDEX CORP	$13,474,000	-13.4%	92,565	-2.3%	1.62%	-15.6%
CVX	Sell	CHEVRON CORP	$13,187,000	-6.0%	111,185	-1.4%	1.58%	-8.4%
VNQ	Buy	VANGUARD REAL ESTATE ETFmutual funds/eq	$12,679,000	+28.9%	135,968	+20.8%	1.52%	+25.6%
LOW	Sell	LOWES COS INC	$12,206,000	+5.1%	111,000	-3.5%	1.46%	+2.4%
MKL	Sell	MARKEL CORP	$11,999,000	-20.3%	10,152	-26.6%	1.44%	-22.4%
MTZ	Sell	MASTEC INC	$11,955,000	-13.5%	184,128	-31.4%	1.44%	-15.7%
HCA	Sell	HCA HEALTHCARE INC	$11,754,000	-13.0%	97,604	-2.3%	1.41%	-15.2%
PG	Sell	PROCTER & GAMBLE CO	$11,292,000	-13.3%	90,784	-23.5%	1.36%	-15.5%
DOW	Buy	DOW INC COM	$11,262,000	-3.2%	236,358	+0.2%	1.35%	-5.6%
DD	New	DUPONT DE NEMOURS INC	$10,890,000	–	152,711	–	1.31%	–
CAT	Sell	CATERPILLAR INC	$10,700,000	-9.4%	84,714	-2.2%	1.28%	-11.7%
PVH	New	PVH CORP	$10,401,000	–	117,877	–	1.25%	–
PEP	Sell	PEPSICO INC	$9,918,000	+1.1%	72,344	-3.3%	1.19%	-1.5%
DIS	Sell	DISNEY WALT CO COM	$9,417,000	-7.3%	72,262	-0.6%	1.13%	-9.7%
FIS	New	FIDELITY NATIONAL INFORMATION	$8,151,000	–	61,393	–	0.98%	–
UN	Sell	UNILEVER NVforeign stock	$7,810,000	-6.0%	130,103	-4.9%	0.94%	-8.4%
PFE	Buy	PFIZER INC	$6,724,000	+19.9%	187,149	+44.5%	0.81%	+16.8%
PEBO	New	PEOPLES BANCORP INC	$5,829,000	–	183,249	–	0.70%	–
UPS	Buy	UNITED PARCEL SERVICE	$814,000	+18.1%	6,793	+1.8%	0.10%	+15.3%
BBT	Buy	BB&T CORP	$784,000	+12.6%	14,676	+3.5%	0.09%	+9.3%
HD	Buy	HOME DEPOT INC	$635,000	+13.4%	2,736	+1.6%	0.08%	+10.1%
CXO	Sell	CONCHO RESOURCES INC	$586,000	-34.5%	8,635	-0.5%	0.07%	-36.4%
AEP	Sell	AMERICAN ELECTRIC POWER CO INC	$504,000	+5.9%	5,383	-0.4%	0.06%	+1.7%
USMV	Buy	ISHARES MSCI USA MINIMUMmutual funds/fi	$382,000	+5.8%	5,961	+1.9%	0.05%	+4.5%
AMGN	Buy	AMGEN INC	$334,000	+8.1%	1,724	+2.9%	0.04%	+5.3%
WFC	Buy	WELLS FARGO & CO	$287,000	+8.7%	5,687	+2.0%	0.03%	+3.0%
NEE	Buy	NEXTERA ENERGY INC	$269,000	+22.8%	1,153	+7.7%	0.03%	+18.5%
SO	New	SOUTHERN CO	$232,000	–	3,760	–	0.03%	–
VTI	New	VANGUARD TOTAL STOCK MARKET ETFmutual funds/eq	$226,000	–	1,498	–	0.03%	–
BND	New	VANGUARD TOTAL BOND MARKET ETFmutual funds/fi	$211,000	–	2,496	–	0.02%	–
SLB	Exit	SCHLUMBERGER LTDforeign stock	$0	–	-129,187	–	-0.63%	–
WP	Exit	WORLDPAY INC COM	$0	–	-69,753	–	-1.05%	–
CBS	Exit	CBS CORP	$0	–	-187,688	–	-1.15%	–
GVA	Exit	GRANITE CONSTRUCTION INC	$0	–	-209,553	–	-1.24%	–

Q2 2019

			Value		Shares		↓ Weighting
CTBI	New	COMMUNITY TR BANCORP INC	$74,114,000	–	1,752,526	–	9.13%	–
V	New	VISA INC	$37,726,000	–	217,379	–	4.64%	–
JPM	New	JPMORGAN CHASE & CO	$37,702,000	–	337,228	–	4.64%	–
MSFT	New	MICROSOFT CORP	$37,158,000	–	277,383	–	4.58%	–
GOOG	New	ALPHABET INC	$30,541,000	–	28,255	–	3.76%	–
AAPL	New	APPLE INC	$27,832,000	–	140,621	–	3.43%	–
BAC	New	BANK OF AMERICA CORP	$27,642,000	–	953,165	–	3.40%	–
UNH	New	UNITEDHEALTH GROUP INC	$26,241,000	–	107,541	–	3.23%	–
FB	New	FACEBOOK INC	$25,336,000	–	131,271	–	3.12%	–
HON	New	HONEYWELL INTERNATIONAL INC	$19,333,000	–	110,732	–	2.38%	–
CSCO	New	CISCO SYSTEMS INC	$19,274,000	–	352,178	–	2.37%	–
MDLZ	New	MONDELEZ INTL INC	$18,527,000	–	343,714	–	2.28%	–
T	New	AT&T INC	$18,145,000	–	541,493	–	2.23%	–
BA	New	BOEING CO	$17,436,000	–	47,899	–	2.15%	–
BP	New	BP PLCforeign stock	$17,157,000	–	411,448	–	2.11%	–
PXD	New	PIONEER NATURAL RESOURCES CO	$16,392,000	–	106,539	–	2.02%	–
JNJ	New	JOHNSON & JOHNSON	$16,232,000	–	116,539	–	2.00%	–
AVGO	New	BROADCOM INC COM	$16,144,000	–	56,086	–	1.99%	–
C	New	CITIGROUP INC	$15,772,000	–	225,221	–	1.94%	–
FDX	New	FEDEX CORP	$15,558,000	–	94,751	–	1.92%	–
MKL	New	MARKEL CORP	$15,062,000	–	13,823	–	1.86%	–
ATVI	New	ACTIVISION BLIZZARD INC	$14,514,000	–	307,503	–	1.79%	–
CVX	New	CHEVRON CORP	$14,030,000	–	112,745	–	1.73%	–
TJX	New	TJX COS INC	$13,994,000	–	264,651	–	1.72%	–
XLU	New	UTILITIES SELECT SECTOR SPDRRmutual funds/eq	$13,930,000	–	233,604	–	1.72%	–
MTZ	New	MASTEC INC	$13,823,000	–	268,252	–	1.70%	–
CVS	New	CVS HEALTH CORPORATION	$13,658,000	–	250,646	–	1.68%	–
AMZN	New	AMAZON COM INC SR	$13,640,000	–	7,203	–	1.68%	–
HCA	New	HCA HEALTHCARE INC	$13,510,000	–	99,951	–	1.66%	–
WMT	New	WALMART INC	$13,141,000	–	118,929	–	1.62%	–
PG	New	PROCTER & GAMBLE CO	$13,020,000	–	118,734	–	1.60%	–
ICE	New	INTERCONTINENTAL EXCHANGE INC	$12,885,000	–	149,928	–	1.59%	–
BRKB	New	BERKSHIRE HATHAWAY INC	$12,208,000	–	57,268	–	1.50%	–
CAT	New	CATERPILLAR INC	$11,806,000	–	86,622	–	1.45%	–
DOW	New	DOW INC COM	$11,630,000	–	235,852	–	1.43%	–
LOW	New	LOWES COS INC	$11,612,000	–	115,080	–	1.43%	–
DIS	New	DISNEY WALT CO COM	$10,156,000	–	72,730	–	1.25%	–
GVA	New	GRANITE CONSTRUCTION INC	$10,096,000	–	209,553	–	1.24%	–
VNQ	New	VANGUARD REAL ESTATE ETFmutual funds/eq	$9,839,000	–	112,576	–	1.21%	–
PEP	New	PEPSICO INC	$9,811,000	–	74,818	–	1.21%	–
CBS	New	CBS CORP	$9,366,000	–	187,688	–	1.15%	–
WP	New	WORLDPAY INC COM	$8,548,000	–	69,753	–	1.05%	–
UN	New	UNILEVER NVforeign stock	$8,309,000	–	136,848	–	1.02%	–
PFE	New	PFIZER INC	$5,610,000	–	129,515	–	0.69%	–
SLB	New	SCHLUMBERGER LTDforeign stock	$5,134,000	–	129,187	–	0.63%	–
IWV	New	ISHARES RUSSELL 3000 (MKT)mutual funds/eq	$2,059,000	–	11,948	–	0.25%	–
DIA	New	SPDR DOW JONES INDUSTRIALmutual funds/eq	$1,037,000	–	3,900	–	0.13%	–
CXO	New	CONCHO RESOURCES INC	$895,000	–	8,679	–	0.11%	–
BBT	New	BB&T CORP	$696,000	–	14,175	–	0.09%	–
UPS	New	UNITED PARCEL SERVICE	$689,000	–	6,671	–	0.08%	–
HD	New	HOME DEPOT INC	$560,000	–	2,693	–	0.07%	–
AEP	New	AMERICAN ELECTRIC POWER CO INC	$476,000	–	5,405	–	0.06%	–
BFA	New	BROWN-FORMAN CORP	$432,000	–	7,850	–	0.05%	–
USMV	New	ISHARES MSCI USA MINIMUMmutual funds/eq	$361,000	–	5,849	–	0.04%	–
AMGN	New	AMGEN INC	$309,000	–	1,676	–	0.04%	–
WFC	New	WELLS FARGO & CO	$264,000	–	5,576	–	0.03%	–
HAL	New	HALLIBURTON CO	$254,000	–	11,185	–	0.03%	–
WY	New	WEYERHAEUSER CO	$254,000	–	9,635	–	0.03%	–
NEE	New	NEXTERA ENERGY INC	$219,000	–	1,071	–	0.03%	–
PTN	New	PALATIN TECHNOLOGIES INC	$26,000	–	22,388	–	0.00%	–

Q4 2018

			Value		Shares		↓ Weighting
IJR	Exit	ISHARES CORE S&P SMALL-CAP (MKT)otr	$0	–	-2,473	–	-0.02%	–
NEE	Exit	NEXTERA ENERGY INC	$0	–	-1,354	–	-0.03%	–
WY	Exit	WEYERHAEUSER CO	$0	–	-9,635	–	-0.04%	–
AMGN	Exit	AMGEN INC	$0	–	-1,690	–	-0.04%	–
WFC	Exit	WELLS FARGO & CO	$0	–	-6,973	–	-0.04%	–
SPY	Exit	SPDR S&P 500 (MKT)otr	$0	–	-1,302	–	-0.04%	–
BFA	Exit	BROWN-FORMAN CORP	$0	–	-7,850	–	-0.05%	–
BIIB	Exit	BIOGEN INC	$0	–	-1,433	–	-0.06%	–
AEP	Exit	AMERICAN ELECTRIC POWER CO INC	$0	–	-8,873	–	-0.07%	–
BBT	Exit	BB&T CORP	$0	–	-14,275	–	-0.08%	–
HD	Exit	HOME DEPOT INC	$0	–	-3,643	–	-0.09%	–
DIA	Exit	SPDR DOW JONES INDUSTRIALotr	$0	–	-3,900	–	-0.12%	–
IWV	Exit	ISHARES RUSSELL 3000 (MKT)otr	$0	–	-11,948	–	-0.24%	–
AMAT	Exit	APPLIED MATERIALS INC	$0	–	-111,727	–	-0.50%	–
PFE	Exit	PFIZER INC	$0	–	-131,085	–	-0.66%	–
JCI	Exit	JOHNSON CTLS INTL PLC	$0	–	-216,829	–	-0.87%	–
UN	Exit	UNILEVER NV	$0	–	-141,761	–	-0.90%	–
SLB	Exit	SCHLUMBERGER LTD	$0	–	-135,771	–	-0.95%	–
PEP	Exit	PEPSICO INC	$0	–	-77,574	–	-1.00%	–
MDRX	Exit	ALLSCRIPTS HEALTHCARE SOLUTIONS	$0	–	-619,035	–	-1.01%	–
WMT	Exit	WALMART INC	$0	–	-97,671	–	-1.05%	–
PG	Exit	PROCTER & GAMBLE CO	$0	–	-123,971	–	-1.18%	–
NTR	Exit	NUTRIEN LTD COM	$0	–	-182,287	–	-1.21%	–
AIG	Exit	AMERICAN INTERNATIONAL GROUP	$0	–	-202,569	–	-1.24%	–
MHK	Exit	MOHAWK INDUSTRIES INC	$0	–	-62,792	–	-1.26%	–
CBS	Exit	CBS CORP	$0	–	-192,921	–	-1.27%	–
BABA	Exit	ALIBABA GROUP HLDG LTD	$0	–	-68,204	–	-1.29%	–
HCA	Exit	HCA HEALTHCARE INC	$0	–	-94,773	–	-1.51%	–
AET	Exit	AETNA INC	$0	–	-65,888	–	-1.53%	–
CSCO	Exit	CISCO SYSTEMS INC	$0	–	-275,727	–	-1.54%	–
CAT	Exit	CATERPILLAR INC	$0	–	-89,268	–	-1.56%	–
CVX	Exit	CHEVRON CORP	$0	–	-114,029	–	-1.60%	–
GVA	Exit	GRANITE CONSTRUCTION INC	$0	–	-305,762	–	-1.60%	–
MDLZ	Exit	MONDELEZ INTL INC	$0	–	-362,163	–	-1.78%	–
PXD	Exit	PIONEER NATURAL RESOURCES CO	$0	–	-90,629	–	-1.81%	–
BP	Exit	BP PLC	$0	–	-352,156	–	-1.86%	–
MTZ	Exit	MASTEC INC	$0	–	-368,031	–	-1.88%	–
MKL	Exit	MARKEL CORP	$0	–	-14,102	–	-1.92%	–
WP	Exit	WORLDPAY INC COM	$0	–	-166,209	–	-1.93%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-124,426	–	-1.97%	–
HON	Exit	HONEYWELL INTERNATIONAL INC	$0	–	-112,650	–	-2.15%	–
LOW	Exit	LOWES COS INC	$0	–	-164,358	–	-2.16%	–
AVGO	Exit	BROADCOM INC COM	$0	–	-76,481	–	-2.16%	–
BA	Exit	BOEING CO	$0	–	-57,704	–	-2.46%	–
T	Exit	AT&T INC	$0	–	-651,630	–	-2.51%	–
FB	Exit	FACEBOOK INC	$0	–	-139,047	–	-2.62%	–
FDX	Exit	FEDEX CORP	$0	–	-98,629	–	-2.72%	–
MDT	Exit	MEDTRONIC PLC	$0	–	-241,914	–	-2.73%	–
C	Exit	CITIGROUP INC	$0	–	-376,788	–	-3.10%	–
DWDP	Exit	DOWDUPONT INC	$0	–	-427,593	–	-3.16%	–
UNH	Exit	UNITEDHEALTH GROUP INC	$0	–	-109,080	–	-3.33%	–
BAC	Exit	BANK OF AMERICA CORP	$0	–	-988,705	–	-3.34%	–
AAPL	Exit	APPLE INC	$0	–	-148,583	–	-3.85%	–
V	Exit	VISA INC	$0	–	-228,559	–	-3.94%	–
GOOG	Exit	ALPHABET INC	$0	–	-29,242	–	-4.00%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-311,275	–	-4.08%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-353,215	–	-4.57%	–
CTBI	Exit	COMMUNITY TR BANCORP INC	$0	–	-1,743,314	–	-9.27%	–

Q3 2018

			Value		Shares		↓ Weighting
CTBI	Buy	COMMUNITY TR BANCORP INC	$80,802,000	-6.8%	1,743,314	+0.4%	9.27%	-8.1%
JPM	Sell	JPMORGAN CHASE & CO	$39,857,000	+7.3%	353,215	-0.9%	4.57%	+5.8%
MSFT	Sell	MICROSOFT CORP	$35,600,000	+14.4%	311,275	-1.4%	4.08%	+12.8%
GOOG	Sell	ALPHABET INC	$34,899,000	+6.0%	29,242	-1.0%	4.00%	+4.5%
V	Sell	VISA INC	$34,304,000	+12.0%	228,559	-1.2%	3.94%	+10.4%
AAPL	Sell	APPLE INC	$33,541,000	+19.5%	148,583	-2.0%	3.85%	+17.8%
BAC	Sell	BANK OF AMERICA CORP	$29,127,000	+3.6%	988,705	-0.9%	3.34%	+2.1%
UNH	Sell	UNITEDHEALTH GROUP INC	$29,020,000	-1.6%	109,080	-9.3%	3.33%	-3.0%
DWDP	Sell	DOWDUPONT INC	$27,499,000	-3.4%	427,593	-1.0%	3.16%	-4.8%
C	Sell	CITIGROUP INC	$27,030,000	+6.1%	376,788	-1.0%	3.10%	+4.6%
MDT	Sell	MEDTRONIC PLC	$23,797,000	+12.7%	241,914	-1.9%	2.73%	+11.2%
FDX	Sell	FEDEX CORP	$23,749,000	+5.4%	98,629	-0.6%	2.72%	+3.9%
FB	Sell	FACEBOOK INC	$22,868,000	-16.1%	139,047	-0.9%	2.62%	-17.3%
T	Sell	AT&T INC	$21,881,000	-0.0%	651,630	-4.4%	2.51%	-1.5%
BA	Sell	BOEING CO	$21,460,000	-10.3%	57,704	-19.1%	2.46%	-11.6%
AVGO	Sell	BROADCOM INC COM	$18,870,000	+1.5%	76,481	-0.2%	2.16%	0.0%
LOW	Sell	LOWES COS INC	$18,871,000	+17.5%	164,358	-2.2%	2.16%	+15.9%
HON	Sell	HONEYWELL INTERNATIONAL INC	$18,745,000	+14.3%	112,650	-1.1%	2.15%	+12.7%
JNJ	Sell	JOHNSON & JOHNSON	$17,192,000	+12.7%	124,426	-1.0%	1.97%	+11.2%
WP	Sell	WORLDPAY INC COM	$16,832,000	-2.0%	166,209	-20.8%	1.93%	-3.4%
MKL	Sell	MARKEL CORP	$16,760,000	+7.8%	14,102	-1.6%	1.92%	+6.3%
MTZ	Buy	MASTEC INC	$16,433,000	+5.0%	368,031	+19.3%	1.88%	+3.5%
BP	Buy	BP PLC	$16,235,000	+13.6%	352,156	+12.5%	1.86%	+12.0%
PXD	Buy	PIONEER NATURAL RESOURCES CO	$15,787,000	+16.4%	90,629	+26.4%	1.81%	+14.7%
MDLZ	Sell	MONDELEZ INTL INC	$15,558,000	+3.2%	362,163	-1.5%	1.78%	+1.8%
GVA	Buy	GRANITE CONSTRUCTION INC	$13,973,000	+16.0%	305,762	+41.3%	1.60%	+14.3%
CVX	Sell	CHEVRON CORP	$13,943,000	-3.5%	114,029	-0.2%	1.60%	-4.8%
CAT	Buy	CATERPILLAR INC	$13,612,000	+239.9%	89,268	+202.4%	1.56%	+235.2%
CSCO	Sell	CISCO SYSTEMS INC	$13,414,000	+12.1%	275,727	-0.8%	1.54%	+10.6%
AET	Buy	AETNA INC	$13,365,000	+60.2%	65,888	+45.0%	1.53%	+57.9%
HCA	Sell	HCA HEALTHCARE INC	$13,184,000	-3.1%	94,773	-28.5%	1.51%	-4.4%
BABA	Sell	ALIBABA GROUP HLDG LTD	$11,238,000	-13.7%	68,204	-2.8%	1.29%	-14.9%
CBS	Buy	CBS CORP	$11,083,000	+59.8%	192,921	+56.3%	1.27%	+57.6%
MHK	Buy	MOHAWK INDUSTRIES INC	$11,011,000	-2.7%	62,792	+18.9%	1.26%	-4.1%
AIG	Sell	AMERICAN INTERNATIONAL GROUP	$10,785,000	-4.6%	202,569	-5.0%	1.24%	-5.9%
NTR	Sell	NUTRIEN LTD COM	$10,518,000	+3.9%	182,287	-2.1%	1.21%	+2.4%
PG	Sell	PROCTER & GAMBLE CO	$10,319,000	+2.8%	123,971	-3.6%	1.18%	+1.4%
WMT	Buy	WALMART INC	$9,173,000	+116.0%	97,671	+97.1%	1.05%	+113.0%
MDRX	Sell	ALLSCRIPTS HEALTHCARE SOLUTIONS	$8,821,000	-11.5%	619,035	-25.4%	1.01%	-12.8%
PEP	Sell	PEPSICO INC	$8,673,000	-26.6%	77,574	-28.6%	1.00%	-27.7%
SLB	Sell	SCHLUMBERGER LTD	$8,271,000	-43.3%	135,771	-37.7%	0.95%	-44.1%
UN	Sell	UNILEVER NV	$7,875,000	-1.3%	141,761	-1.0%	0.90%	-2.7%
JCI	Sell	JOHNSON CTLS INTL PLC	$7,589,000	-0.9%	216,829	-5.3%	0.87%	-2.2%
PFE	Sell	PFIZER INC	$5,777,000	-32.1%	131,085	-44.1%	0.66%	-33.0%
AMAT	Sell	APPLIED MATERIALS INC	$4,318,000	-60.4%	111,727	-52.7%	0.50%	-61.0%
HD	Buy	HOME DEPOT INC	$755,000	+13.5%	3,643	+6.9%	0.09%	+13.0%
BBT	Buy	BB&T CORP	$693,000	-3.1%	14,275	+0.7%	0.08%	-3.6%
AEP	Sell	AMERICAN ELECTRIC POWER CO INC	$629,000	-8.4%	8,873	-10.6%	0.07%	-10.0%
BIIB	Buy	BIOGEN INC	$506,000	+22.2%	1,433	+0.5%	0.06%	+20.8%
SPY	Buy	SPDR S&P 500 (MKT)otr	$379,000	+78.8%	1,302	+66.5%	0.04%	+72.0%
WFC	Sell	WELLS FARGO & CO	$367,000	-14.3%	6,973	-9.7%	0.04%	-16.0%
AMGN	Buy	AMGEN INC	$350,000	+13.3%	1,690	+0.8%	0.04%	+11.1%
NEE	New	NEXTERA ENERGY INC	$227,000	–	1,354	–	0.03%	–
IJR	New	ISHARES CORE S&P SMALL-CAP (MKT)otr	$216,000	–	2,473	–	0.02%	–
EMB	Exit	ISHARES JPMORGAN USD EMERGotr	$0	–	-2,041	–	-0.02%	–
EFA	Exit	ISHARES MSCI EAFE (MKT)otr	$0	–	-3,265	–	-0.02%	–
IEMG	Exit	ISHARES CORE MSCI EMERGINGotr	$0	–	-4,257	–	-0.03%	–
VZ	Exit	VERIZON COMMUNICATIONS	$0	–	-4,487	–	-0.03%	–
VNQ	Exit	VANGUARD REAL ESTATE ETFotr	$0	–	-2,795	–	-0.03%	–
CHDN	Exit	CHURCHILL DOWNS INC	$0	–	-1,000	–	-0.04%	–
KMT	Exit	KENNAMETAL INC	$0	–	-57,395	–	-0.24%	–
IVZ	Exit	INVESCO LTD	$0	–	-506,937	–	-1.57%	–

Q2 2018

			Value		Shares		↓ Weighting
CTBI	New	COMMUNITY TR BANCORP INC	$86,699,000	–	1,735,711	–	10.09%	–
JPM	New	JPMORGAN CHASE & CO	$37,140,000	–	356,435	–	4.32%	–
GOOG	New	ALPHABET INC	$32,939,000	–	29,525	–	3.83%	–
MSFT	New	MICROSOFT CORP	$31,120,000	–	315,583	–	3.62%	–
V	New	VISA INC	$30,625,000	–	231,219	–	3.56%	–
UNH	New	UNITEDHEALTH GROUP INC	$29,491,000	–	120,205	–	3.43%	–
DWDP	New	DOWDUPONT INC	$28,473,000	–	431,933	–	3.31%	–
BAC	New	BANK OF AMERICA CORP	$28,123,000	–	997,617	–	3.27%	–
AAPL	New	APPLE INC	$28,073,000	–	151,654	–	3.27%	–
FB	New	FACEBOOK INC	$27,265,000	–	140,307	–	3.17%	–
C	New	CITIGROUP INC	$25,469,000	–	380,579	–	2.96%	–
BA	New	BOEING CO	$23,918,000	–	71,289	–	2.78%	–
FDX	New	FEDEX CORP	$22,533,000	–	99,235	–	2.62%	–
T	New	AT&T INC	$21,884,000	–	681,529	–	2.55%	–
MDT	New	MEDTRONIC PLC	$21,106,000	–	246,534	–	2.46%	–
AVGO	New	BROADCOM INC COM	$18,600,000	–	76,656	–	2.16%	–
WP	New	WORLDPAY INC COM	$17,168,000	–	209,929	–	2.00%	–
HON	New	HONEYWELL INTERNATIONAL INC	$16,403,000	–	113,870	–	1.91%	–
LOW	New	LOWES COS INC	$16,055,000	–	167,997	–	1.87%	–
MTZ	New	MASTEC INC	$15,652,000	–	308,413	–	1.82%	–
MKL	New	MARKEL CORP	$15,546,000	–	14,337	–	1.81%	–
JNJ	New	JOHNSON & JOHNSON	$15,252,000	–	125,697	–	1.78%	–
MDLZ	New	MONDELEZ INTL INC	$15,071,000	–	367,587	–	1.75%	–
SLB	New	SCHLUMBERGER LTD	$14,597,000	–	217,777	–	1.70%	–
CVX	New	CHEVRON CORP	$14,446,000	–	114,261	–	1.68%	–
BP	New	BP PLC	$14,291,000	–	312,976	–	1.66%	–
HCA	New	HCA HEALTHCARE INC	$13,604,000	–	132,592	–	1.58%	–
PXD	New	PIONEER NATURAL RESOURCES CO	$13,566,000	–	71,687	–	1.58%	–
IVZ	New	INVESCO LTD	$13,464,000	–	506,937	–	1.57%	–
BABA	New	ALIBABA GROUP HLDG LTD	$13,022,000	–	70,191	–	1.52%	–
GVA	New	GRANITE CONSTRUCTION INC	$12,047,000	–	216,431	–	1.40%	–
CSCO	New	CISCO SYSTEMS INC	$11,961,000	–	277,973	–	1.39%	–
PEP	New	PEPSICO INC	$11,824,000	–	108,606	–	1.38%	–
MHK	New	MOHAWK INDUSTRIES INC	$11,316,000	–	52,810	–	1.32%	–
AIG	New	AMERICAN INTERNATIONAL GROUP	$11,302,000	–	213,159	–	1.32%	–
AMAT	New	APPLIED MATERIALS INC	$10,905,000	–	236,089	–	1.27%	–
NTR	New	NUTRIEN LTD COM	$10,128,000	–	186,252	–	1.18%	–
PG	New	PROCTER & GAMBLE CO	$10,037,000	–	128,587	–	1.17%	–
MDRX	New	ALLSCRIPTS HEALTHCARE SOLUTIONS	$9,964,000	–	830,332	–	1.16%	–
PFE	New	PFIZER INC	$8,510,000	–	234,555	–	0.99%	–
AET	New	AETNA INC	$8,341,000	–	45,455	–	0.97%	–
UN	New	UNILEVER NV	$7,979,000	–	143,190	–	0.93%	–
JCI	New	JOHNSON CTLS INTL PLC	$7,655,000	–	228,845	–	0.89%	–
CBS	New	CBS CORP	$6,937,000	–	123,402	–	0.81%	–
WMT	New	WALMART INC	$4,246,000	–	49,564	–	0.49%	–
CAT	New	CATERPILLAR INC	$4,005,000	–	29,518	–	0.47%	–
KMT	New	KENNAMETAL INC	$2,061,000	–	57,395	–	0.24%	–
IWV	New	ISHARES RUSSELL 3000 (MKT)otr	$1,939,000	–	11,948	–	0.23%	–
DIA	New	SPDR DOW JONES INDUSTRIALotr	$947,000	–	3,900	–	0.11%	–
BBT	New	BB&T CORP	$715,000	–	14,175	–	0.08%	–
AEP	New	AMERICAN ELECTRIC POWER CO INC	$687,000	–	9,923	–	0.08%	–
HD	New	HOME DEPOT INC	$665,000	–	3,409	–	0.08%	–
WFC	New	WELLS FARGO & CO	$428,000	–	7,723	–	0.05%	–
BIIB	New	BIOGEN INC	$414,000	–	1,426	–	0.05%	–
BFA	New	BROWN-FORMAN CORP	$384,000	–	7,850	–	0.04%	–
WY	New	WEYERHAEUSER CO	$351,000	–	9,635	–	0.04%	–
AMGN	New	AMGEN INC	$309,000	–	1,676	–	0.04%	–
CHDN	New	CHURCHILL DOWNS INC	$297,000	–	1,000	–	0.04%	–
VNQ	New	VANGUARD REAL ESTATE ETFotr	$228,000	–	2,795	–	0.03%	–
IEMG	New	ISHARES CORE MSCI EMERGINGotr	$224,000	–	4,257	–	0.03%	–
VZ	New	VERIZON COMMUNICATIONS	$226,000	–	4,487	–	0.03%	–
EMB	New	ISHARES JPMORGAN USD EMERGotr	$218,000	–	2,041	–	0.02%	–
SPY	New	SPDR S&P 500 (MKT)otr	$212,000	–	782	–	0.02%	–
EFA	New	ISHARES MSCI EAFE (MKT)otr	$219,000	–	3,265	–	0.02%	–

Q4 2017

			Value		Shares		↓ Weighting
CHDN	Exit	CHURCHILL DOWNS INC	$0	–	-1,000	–	-0.02%	–
MKC	Exit	MCCORMICK & CO INC	$0	–	-2,000	–	-0.02%	–
CNDT	Exit	CONDUENT INC	$0	–	-13,200	–	-0.02%	–
BDX	Exit	BECTON DICKINSON	$0	–	-1,050	–	-0.02%	–
PACW	Exit	PACWEST BANCORP	$0	–	-4,950	–	-0.03%	–
AMGN	Exit	AMGEN INC	$0	–	-1,590	–	-0.03%	–
GBL	Exit	GAMCO INVESTORS INC CL A	$0	–	-10,950	–	-0.04%	–
WY	Exit	WEYERHAEUSER CO REITotr	$0	–	-9,635	–	-0.04%	–
DHR	Exit	DANAHER CORP	$0	–	-3,900	–	-0.04%	–
AMZN	Exit	AMAZON.COM INC	$0	–	-370	–	-0.04%	–
TIF	Exit	TIFFANY & CO	$0	–	-4,000	–	-0.04%	–
VRX	Exit	VALEANT PHARMACEUTICALS INTL	$0	–	-25,095	–	-0.04%	–
DHIL	Exit	DIAMOND HILL INVESTMENT GROUP	$0	–	-1,750	–	-0.04%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHINE	$0	–	-2,672	–	-0.04%	–
VNO	Exit	VORNADO REALTY TRUST REITotr	$0	–	-5,200	–	-0.04%	–
LUK	Exit	LEUCADIA NATIONAL CORP	$0	–	-16,000	–	-0.04%	–
CL	Exit	COLGATE PALMOLIVE	$0	–	-5,500	–	-0.04%	–
WMT	Exit	WALMART STORES INC	$0	–	-5,500	–	-0.05%	–
BFA	Exit	BROWN FORMAN CORP CL A	$0	–	-7,850	–	-0.05%	–
BIIB	Exit	BIOGEN INC	$0	–	-1,426	–	-0.05%	–
HOMB	Exit	HOME BANCSHARES INC	$0	–	-18,460	–	-0.05%	–
TEVA	Exit	TEVA PHARMACEUTICAL INDS LTD A	$0	–	-26,675	–	-0.05%	–
GLPI	Exit	GAMING AND LEISURE PROPERTIESotr	$0	–	-13,500	–	-0.05%	–
EL	Exit	LAUDER ESTEE COS CL-A	$0	–	-4,900	–	-0.06%	–
DEI	Exit	DOUGLAS EMMETT INC REITotr	$0	–	-14,500	–	-0.06%	–
HAL	Exit	HALLIBURTON CO	$0	–	-12,852	–	-0.06%	–
AEP	Exit	AMERICAN ELEC PWR INC	$0	–	-8,479	–	-0.06%	–
HD	Exit	HOME DEPOT INC	$0	–	-3,726	–	-0.06%	–
AXP	Exit	AMERICAN EXPRESS CO	$0	–	-7,000	–	-0.07%	–
KMX	Exit	CARMAX INC	$0	–	-8,500	–	-0.07%	–
RIO	Exit	RIO TINTO PLC SPONS ADR	$0	–	-13,830	–	-0.07%	–
BAM	Exit	BROOKFIELD ASSET MANAGE-CL A	$0	–	-15,750	–	-0.07%	–
BBT	Exit	BB & T CORP	$0	–	-14,175	–	-0.07%	–
FAST	Exit	FASTENAL CO	$0	–	-14,700	–	-0.07%	–
NKE	Exit	NIKE INC-CLASS B	$0	–	-13,000	–	-0.07%	–
BX	Exit	BLACKSTONE GROUP LP	$0	–	-20,000	–	-0.07%	–
ESGR	Exit	ENSTAR GROUP LTD	$0	–	-3,300	–	-0.08%	–
OMC	Exit	OMNICOM GROUP	$0	–	-10,114	–	-0.08%	–
UTX	Exit	UNITED TECHNOLOGIES CORP	$0	–	-7,200	–	-0.09%	–
AMG	Exit	AFFILIATED MANAGERS GROUP INC	$0	–	-4,450	–	-0.09%	–
GS	Exit	GOLDMAN SACHS GROUP INC	$0	–	-3,600	–	-0.09%	–
DIA	Exit	SPDR DJIA TRUSTotr	$0	–	-3,900	–	-0.09%	–
NVS	Exit	NOVARTIS AG SPONSORED ADR	$0	–	-10,284	–	-0.10%	–
EMR	Exit	EMERSON ELECTRIC	$0	–	-14,200	–	-0.10%	–
GOOGL	Exit	ALPHABET INC CL A	$0	–	-938	–	-0.10%	–
CAT	Exit	CATERPILLAR INC	$0	–	-8,100	–	-0.11%	–
WYNN	Exit	WYNN RESORTS LTD	$0	–	-7,800	–	-0.12%	–
KMB	Exit	KIMBERLY-CLARK CORP	$0	–	-10,000	–	-0.13%	–
CLX	Exit	CLOROX COMPANY	$0	–	-10,000	–	-0.14%	–
KHC	Exit	KRAFT HEINZ CO	$0	–	-19,999	–	-0.17%	–
WBA	Exit	WALGREENS BOOTS ALLIANCE INC	$0	–	-20,920	–	-0.17%	–
ENB	Exit	ENBRIDGE INCORPORATED	$0	–	-39,561	–	-0.18%	–
FISV	Exit	FISERV INC	$0	–	-12,950	–	-0.18%	–
SYK	Exit	STRYKER CORP	$0	–	-12,225	–	-0.19%	–
GLW	Exit	CORNING INC COM	$0	–	-64,225	–	-0.21%	–
BRKA	Exit	BERKSHIRE HATHAWAY INC CLASS A	$0	–	-7	–	-0.21%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-26,166	–	-0.23%	–
KO	Exit	COCA COLA CO	$0	–	-65,745	–	-0.32%	–
CBS	Exit	CBS CORP CL B	$0	–	-128,239	–	-0.80%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC-CL B	$0	–	-48,445	–	-0.95%	–
MHK	Exit	MOHAWK INDUSTRIES INC	$0	–	-35,968	–	-0.96%	–
SLCA	Exit	US SILICA HOLDINGS INC	$0	–	-303,283	–	-1.01%	–
POT	Exit	POTASH CORP SASK INC	$0	–	-490,746	–	-1.01%	–
WFC	Exit	WELLS FARGO & CO	$0	–	-174,459	–	-1.03%	–
AGN	Exit	ALLERGAN PLC	$0	–	-50,638	–	-1.11%	–
USMV	Exit	ISHARES EDGE MSCI MIN VOL USAotr	$0	–	-241,143	–	-1.30%	–
GVA	Exit	GRANITE CONSTRUCTION INC	$0	–	-215,023	–	-1.34%	–
CDW	Exit	CDW CORP	$0	–	-195,334	–	-1.38%	–
UN	Exit	UNILEVER N V -NY SHARES	$0	–	-219,629	–	-1.39%	–
PFE	Exit	PFIZER INC	$0	–	-365,080	–	-1.40%	–
HON	Exit	HONEYWELL INTL INC	$0	–	-92,074	–	-1.40%	–
PG	Exit	PROCTER & GAMBLE COMPANY	$0	–	-145,259	–	-1.42%	–
AIG	Exit	AMERICAN INTERNATIONAL GROUP	$0	–	-217,347	–	-1.43%	–
BP	Exit	BP PLC SPONS ADR	$0	–	-351,552	–	-1.45%	–
PEP	Exit	PEPSICO INC	$0	–	-123,293	–	-1.48%	–
MDLZ	Exit	MONDELEZ INTERNATIONAL INC	$0	–	-343,132	–	-1.50%	–
AVGO	Exit	BROADCOM LTD	$0	–	-58,515	–	-1.52%	–
PXD	Exit	PIONEER NATURAL RESOURCES CO	$0	–	-98,207	–	-1.56%	–
GE	Exit	GENERAL ELECTRIC CORP	$0	–	-604,998	–	-1.57%	–
SLB	Exit	SCHLUMBERGER LTD	$0	–	-214,715	–	-1.61%	–
JCI	Exit	JOHNSON CONTROLS INTERNATIONAL	$0	–	-381,943	–	-1.65%	–
CVX	Exit	CHEVRON CORPORATION	$0	–	-133,741	–	-1.69%	–
HCA	Exit	HCA HEALTHCARE INC	$0	–	-197,804	–	-1.69%	–
IVZ	Exit	INVESCO LIMITED	$0	–	-477,469	–	-1.80%	–
LOW	Exit	LOWES COS INC	$0	–	-212,853	–	-1.83%	–
MDT	Exit	MEDTRONIC PLC	$0	–	-241,975	–	-2.02%	–
VNTV	Exit	VANTIV INC -CL A	$0	–	-279,640	–	-2.12%	–
MKL	Exit	MARKEL CORPORATION	$0	–	-18,624	–	-2.14%	–
DWDP	Exit	DOWDUPONT INC	$0	–	-287,530	–	-2.14%	–
T	Exit	AT & T INC	$0	–	-553,915	–	-2.33%	–
NWL	Exit	NEWELL BRANDS INC	$0	–	-508,737	–	-2.33%	–
FDX	Exit	FEDEX CORPORATION	$0	–	-96,392	–	-2.34%	–
BA	Exit	BOEING CO	$0	–	-85,641	–	-2.34%	–
FB	Exit	FACEBOOK INC-A	$0	–	-138,901	–	-2.55%	–
AAPL	Exit	APPLE INC	$0	–	-157,640	–	-2.61%	–
UNH	Exit	UNITEDHEALTH GROUP INC COM	$0	–	-136,300	–	-2.87%	–
C	Exit	CITIGROUP INC	$0	–	-376,430	–	-2.94%	–
V	Exit	VISA INC	$0	–	-261,601	–	-2.96%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-213,610	–	-2.98%	–
BAC	Exit	BANK AMER CORP	$0	–	-1,119,791	–	-3.05%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-415,076	–	-3.32%	–
GOOG	Exit	ALPHABET INC CL C	$0	–	-37,627	–	-3.88%	–
JPM	Exit	JP MORGAN CHASE & CO	$0	–	-398,597	–	-4.09%	–
CTBI	Exit	COMMUNITY TRUST BANCORP INC	$0	–	-1,770,248	–	-8.84%	–

Q3 2017

			Value		Shares		↓ Weighting
CTBI	Sell	COMMUNITY TRUST BANCORP INC	$82,317,000	+5.5%	1,770,248	-0.8%	8.84%	+1.4%
JPM	Buy	JP MORGAN CHASE & CO	$38,070,000	+5.1%	398,597	+0.6%	4.09%	+1.0%
GOOG	Buy	ALPHABET INC CL C	$36,089,000	+7.5%	37,627	+1.9%	3.88%	+3.4%
MSFT	Sell	MICROSOFT CORP	$30,919,000	+0.7%	415,076	-6.8%	3.32%	-3.2%
BAC	Buy	BANK AMER CORP	$28,376,000	+6.2%	1,119,791	+1.7%	3.05%	+2.1%
JNJ	Buy	JOHNSON & JOHNSON	$27,771,000	-1.6%	213,610	+0.2%	2.98%	-5.3%
V	Buy	VISA INC	$27,531,000	+12.3%	261,601	+0.1%	2.96%	+8.0%
C	Sell	CITIGROUP INC	$27,382,000	+8.0%	376,430	-0.7%	2.94%	+3.8%
UNH	Buy	UNITEDHEALTH GROUP INC COM	$26,694,000	+6.1%	136,300	+0.4%	2.87%	+2.0%
AAPL	Buy	APPLE INC	$24,296,000	+7.2%	157,640	+0.2%	2.61%	+3.0%
FB	Buy	FACEBOOK INC-A	$23,734,000	+33.9%	138,901	+18.3%	2.55%	+28.8%
BA	Sell	BOEING CO	$21,771,000	+7.4%	85,641	-16.4%	2.34%	+3.2%
FDX	Buy	FEDEX CORPORATION	$21,744,000	+6.6%	96,392	+2.7%	2.34%	+2.5%
NWL	Buy	NEWELL BRANDS INC	$21,708,000	+4.9%	508,737	+31.8%	2.33%	+0.9%
T	Buy	AT & T INC	$21,697,000	+6.1%	553,915	+2.2%	2.33%	+2.0%
DWDP	New	DOWDUPONT INC	$19,906,000	–	287,530	–	2.14%	–
MKL	Sell	MARKEL CORPORATION	$19,890,000	+7.5%	18,624	-1.7%	2.14%	+3.4%
VNTV	Sell	VANTIV INC -CL A	$19,706,000	+10.6%	279,640	-0.6%	2.12%	+6.3%
MDT	Buy	MEDTRONIC PLC	$18,819,000	-11.4%	241,975	+1.1%	2.02%	-14.8%
LOW	Buy	LOWES COS INC	$17,015,000	+47.4%	212,853	+43.0%	1.83%	+41.7%
IVZ	Buy	INVESCO LIMITED	$16,731,000	+86.6%	477,469	+87.4%	1.80%	+79.2%
HCA	Buy	HCA HEALTHCARE INC	$15,743,000	-7.1%	197,804	+1.7%	1.69%	-10.7%
CVX	Buy	CHEVRON CORPORATION	$15,715,000	+13.9%	133,741	+1.1%	1.69%	+9.5%
JCI	Buy	JOHNSON CONTROLS INTERNATIONAL	$15,388,000	-5.1%	381,943	+2.1%	1.65%	-8.8%
SLB	Buy	SCHLUMBERGER LTD	$14,979,000	+63.6%	214,715	+54.4%	1.61%	+57.3%
GE	Buy	GENERAL ELECTRIC CORP	$14,629,000	-9.7%	604,998	+0.8%	1.57%	-13.2%
PXD	Buy	PIONEER NATURAL RESOURCES CO	$14,489,000	+31.3%	98,207	+42.0%	1.56%	+26.3%
AVGO	Buy	BROADCOM LTD	$14,192,000	+5.4%	58,515	+1.3%	1.52%	+1.4%
MDLZ	Buy	MONDELEZ INTERNATIONAL INC	$13,952,000	+112.0%	343,132	+125.2%	1.50%	+103.8%
PEP	Buy	PEPSICO INC	$13,738,000	-2.4%	123,293	+1.2%	1.48%	-6.1%
BP	Buy	BP PLC SPONS ADR	$13,510,000	+14.9%	351,552	+3.6%	1.45%	+10.4%
AIG	Buy	AMERICAN INTERNATIONAL GROUP	$13,343,000	-1.5%	217,347	+0.3%	1.43%	-5.3%
PG	Buy	PROCTER & GAMBLE COMPANY	$13,216,000	+4.9%	145,259	+0.4%	1.42%	+0.8%
HON	Buy	HONEYWELL INTL INC	$13,050,000	+6.6%	92,074	+0.2%	1.40%	+2.4%
PFE	Buy	PFIZER INC	$13,033,000	+6.7%	365,080	+0.4%	1.40%	+2.5%
UN	Sell	UNILEVER N V -NY SHARES	$12,967,000	+5.7%	219,629	-1.0%	1.39%	+1.7%
CDW	Buy	CDW CORP	$12,892,000	+7.1%	195,334	+1.5%	1.38%	+3.0%
GVA	Buy	GRANITE CONSTRUCTION INC	$12,460,000	+22.3%	215,023	+1.8%	1.34%	+17.6%
USMV	Sell	ISHARES EDGE MSCI MIN VOL USAotr	$12,139,000	-19.0%	241,143	-21.2%	1.30%	-22.1%
AGN	Buy	ALLERGAN PLC	$10,378,000	-15.2%	50,638	+0.6%	1.11%	-18.4%
WFC	Sell	WELLS FARGO & CO	$9,621,000	-13.4%	174,459	-13.0%	1.03%	-16.8%
POT	Sell	POTASH CORP SASK INC	$9,442,000	+16.9%	490,746	-0.9%	1.01%	+12.4%
SLCA	Buy	US SILICA HOLDINGS INC	$9,423,000	+104.9%	303,283	+134.0%	1.01%	+96.9%
MHK	Sell	MOHAWK INDUSTRIES INC	$8,902,000	-30.1%	35,968	-31.7%	0.96%	-32.8%
BRKB	Sell	BERKSHIRE HATHAWAY INC-CL B	$8,881,000	+7.7%	48,445	-0.5%	0.95%	+3.5%
CBS	Buy	CBS CORP CL B	$7,438,000	-7.6%	128,239	+1.6%	0.80%	-11.1%
KO	Buy	COCA COLA CO	$2,959,000	+1.2%	65,745	+0.8%	0.32%	-2.8%
XOM	Sell	EXXON MOBIL CORP	$2,145,000	-76.8%	26,166	-77.1%	0.23%	-77.7%
FISV	Sell	FISERV INC	$1,670,000	+4.0%	12,950	-1.3%	0.18%	0.0%
ENB	Buy	ENBRIDGE INCORPORATED	$1,655,000	+5.6%	39,561	+0.5%	0.18%	+1.7%
WBA	Sell	WALGREENS BOOTS ALLIANCE INC	$1,616,000	-3.2%	20,920	-1.9%	0.17%	-7.5%
KHC	Sell	KRAFT HEINZ CO	$1,551,000	-10.5%	19,999	-1.1%	0.17%	-13.5%
GOOGL	Sell	ALPHABET INC CL A	$913,000	+4.0%	938	-0.6%	0.10%	0.0%
EMR	Sell	EMERSON ELECTRIC	$892,000	+4.4%	14,200	-0.8%	0.10%	+1.1%
NVS	Sell	NOVARTIS AG SPONSORED ADR	$883,000	+2.0%	10,284	-0.9%	0.10%	-2.1%
GS	Sell	GOLDMAN SACHS GROUP INC	$854,000	+6.4%	3,600	-0.5%	0.09%	+2.2%
UTX	Sell	UNITED TECHNOLOGIES CORP	$836,000	-9.8%	7,200	-5.2%	0.09%	-13.5%
OMC	Buy	OMNICOM GROUP	$749,000	-10.3%	10,114	+0.4%	0.08%	-14.0%
NKE	Sell	NIKE INC-CLASS B	$674,000	-13.1%	13,000	-1.2%	0.07%	-17.2%
BBT	Sell	BB & T CORP	$665,000	-8.3%	14,175	-11.3%	0.07%	-12.3%
AXP	Sell	AMERICAN EXPRESS CO	$633,000	+6.9%	7,000	-0.4%	0.07%	+3.0%
HD	Sell	HOME DEPOT INC	$610,000	-1.9%	3,726	-8.1%	0.06%	-5.8%
AEP	Sell	AMERICAN ELEC PWR INC	$596,000	+0.5%	8,479	-0.7%	0.06%	-3.0%
EL	Sell	LAUDER ESTEE COS CL-A	$528,000	+11.9%	4,900	-0.3%	0.06%	+7.5%
HOMB	Buy	HOME BANCSHARES INC	$466,000	+87.1%	18,460	+84.6%	0.05%	+78.6%
BIIB	Sell	BIOGEN INC	$447,000	+14.6%	1,426	-0.9%	0.05%	+9.1%
WMT	Sell	WALMART STORES INC	$430,000	-10.4%	5,500	-13.2%	0.05%	-14.8%
IBM	Sell	INTERNATIONAL BUSINESS MACHINE	$387,000	-6.3%	2,672	-0.4%	0.04%	-8.7%
DHIL	New	DIAMOND HILL INVESTMENT GROUP	$372,000	–	1,750	–	0.04%	–
AMZN	Sell	AMAZON.COM INC	$356,000	-7.0%	370	-6.6%	0.04%	-11.6%
WY	Sell	WEYERHAEUSER CO REITotr	$328,000	+1.5%	9,635	-0.1%	0.04%	-2.8%
AMGN	Sell	AMGEN INC	$296,000	+0.7%	1,590	-6.8%	0.03%	-3.0%
CHDN	New	CHURCHILL DOWNS INC	$206,000	–	1,000	–	0.02%	–
MKC	New	MCCORMICK & CO INC	$205,000	–	2,000	–	0.02%	–
BDX	Sell	BECTON DICKINSON	$206,000	-18.9%	1,050	-19.2%	0.02%	-21.4%
CNDT	Sell	CONDUENT INC	$207,000	-26.6%	13,200	-25.4%	0.02%	-29.0%
CXO	Exit	CONCHO RESOURCES	$0	–	-2,000	–	-0.03%	–
DOW	Exit	DOW CHEM COMPANY	$0	–	-182,160	–	-1.28%	–
AAP	Exit	ADVANCE AUTO PARTS	$0	–	-106,756	–	-1.39%	–
DKS	Exit	DICKS SPORTING GOODS INC	$0	–	-408,106	–	-1.82%	–

Q2 2017

			Value		Shares		↓ Weighting
CTBI	New	COMMUNITY TRUST BANCORP INC	$78,048,000	–	1,783,954	–	8.72%	–
JPM	New	JP MORGAN CHASE & CO	$36,216,000	–	396,241	–	4.04%	–
GOOG	New	ALPHABET INC CL C	$33,559,000	–	36,930	–	3.75%	–
MSFT	New	MICROSOFT CORP	$30,692,000	–	445,254	–	3.43%	–
JNJ	New	JOHNSON & JOHNSON	$28,209,000	–	213,239	–	3.15%	–
BAC	New	BANK AMER CORP	$26,722,000	–	1,101,475	–	2.98%	–
C	New	CITIGROUP INC	$25,360,000	–	379,190	–	2.83%	–
UNH	New	UNITEDHEALTH GROUP INC COM	$25,169,000	–	135,740	–	2.81%	–
V	New	VISA INC	$24,513,000	–	261,386	–	2.74%	–
AAPL	New	APPLE INC	$22,661,000	–	157,341	–	2.53%	–
MDT	New	MEDTRONIC PLC	$21,240,000	–	239,326	–	2.37%	–
NWL	New	NEWELL BRANDS INC	$20,694,000	–	385,921	–	2.31%	–
T	New	AT & T INC	$20,440,000	–	541,761	–	2.28%	–
FDX	New	FEDEX CORPORATION	$20,390,000	–	93,821	–	2.28%	–
BA	New	BOEING CO	$20,268,000	–	102,492	–	2.26%	–
MKL	New	MARKEL CORPORATION	$18,494,000	–	18,951	–	2.06%	–
VNTV	New	VANTIV INC -CL A	$17,816,000	–	281,278	–	1.99%	–
FB	New	FACEBOOK INC-A	$17,724,000	–	117,395	–	1.98%	–
HCA	New	HCA HEALTHCARE INC	$16,953,000	–	194,419	–	1.89%	–
DKS	New	DICKS SPORTING GOODS INC	$16,255,000	–	408,106	–	1.82%	–
JCI	New	JOHNSON CONTROLS INTERNATIONAL	$16,222,000	–	374,122	–	1.81%	–
GE	New	GENERAL ELECTRIC CORP	$16,204,000	–	599,933	–	1.81%	–
USMV	New	ISHARES EDGE MSCI MIN VOL USAotr	$14,980,000	–	306,156	–	1.67%	–
PEP	New	PEPSICO INC	$14,069,000	–	121,822	–	1.57%	–
CVX	New	CHEVRON CORPORATION	$13,801,000	–	132,279	–	1.54%	–
AIG	New	AMERICAN INTERNATIONAL GROUP	$13,543,000	–	216,615	–	1.51%	–
AVGO	New	BROADCOM LTD	$13,460,000	–	57,756	–	1.50%	–
MHK	New	MOHAWK INDUSTRIES INC	$12,733,000	–	52,686	–	1.42%	–
PG	New	PROCTER & GAMBLE COMPANY	$12,603,000	–	144,609	–	1.41%	–
AAP	New	ADVANCE AUTO PARTS	$12,447,000	–	106,756	–	1.39%	–
UN	New	UNILEVER N V -NY SHARES	$12,262,000	–	221,865	–	1.37%	–
HON	New	HONEYWELL INTL INC	$12,246,000	–	91,878	–	1.37%	–
AGN	New	ALLERGAN PLC	$12,233,000	–	50,322	–	1.37%	–
PFE	New	PFIZER INC	$12,220,000	–	363,802	–	1.36%	–
CDW	New	CDW CORP	$12,036,000	–	192,488	–	1.34%	–
BP	New	BP PLC SPONS ADR	$11,760,000	–	339,410	–	1.31%	–
LOW	New	LOWES COS INC	$11,540,000	–	148,838	–	1.29%	–
DOW	New	DOW CHEM COMPANY	$11,489,000	–	182,160	–	1.28%	–
WFC	New	WELLS FARGO & CO	$11,112,000	–	200,543	–	1.24%	–
PXD	New	PIONEER NATURAL RESOURCES CO	$11,033,000	–	69,136	–	1.23%	–
GVA	New	GRANITE CONSTRUCTION INC	$10,186,000	–	211,159	–	1.14%	–
XOM	New	EXXON MOBIL CORP	$9,242,000	–	114,480	–	1.03%	–
SLB	New	SCHLUMBERGER LTD	$9,155,000	–	139,036	–	1.02%	–
IVZ	New	INVESCO LIMITED	$8,968,000	–	254,846	–	1.00%	–
BRKB	New	BERKSHIRE HATHAWAY INC-CL B	$8,248,000	–	48,698	–	0.92%	–
POT	New	POTASH CORP SASK INC	$8,075,000	–	495,417	–	0.90%	–
CBS	New	CBS CORP CL B	$8,047,000	–	126,166	–	0.90%	–
MDLZ	New	MONDELEZ INTERNATIONAL INC	$6,580,000	–	152,348	–	0.74%	–
SLCA	New	US SILICA HOLDINGS INC	$4,599,000	–	129,591	–	0.51%	–
KO	New	COCA COLA CO	$2,924,000	–	65,203	–	0.33%	–
GLW	New	CORNING INC COM	$1,930,000	–	64,225	–	0.22%	–
BRKA	New	BERKSHIRE HATHAWAY INC CLASS A	$1,783,000	–	7	–	0.20%	–
KHC	New	KRAFT HEINZ CO	$1,732,000	–	20,226	–	0.19%	–
SYK	New	STRYKER CORP	$1,697,000	–	12,225	–	0.19%	–
WBA	New	WALGREENS BOOTS ALLIANCE INC	$1,670,000	–	21,331	–	0.19%	–
FISV	New	FISERV INC	$1,605,000	–	13,123	–	0.18%	–
ENB	New	ENBRIDGE INCORPORATED	$1,567,000	–	39,360	–	0.18%	–
CLX	New	CLOROX COMPANY	$1,332,000	–	10,000	–	0.15%	–
KMB	New	KIMBERLY-CLARK CORP	$1,291,000	–	10,000	–	0.14%	–
WYNN	New	WYNN RESORTS LTD	$1,046,000	–	7,800	–	0.12%	–
UTX	New	UNITED TECHNOLOGIES CORP	$927,000	–	7,592	–	0.10%	–
TEVA	New	TEVA PHARMACEUTICAL INDS LTD A	$886,000	–	26,675	–	0.10%	–
GOOGL	New	ALPHABET INC CL A	$878,000	–	944	–	0.10%	–
NVS	New	NOVARTIS AG SPONSORED ADR	$866,000	–	10,375	–	0.10%	–
CAT	New	CATERPILLAR INC	$870,000	–	8,100	–	0.10%	–
EMR	New	EMERSON ELECTRIC	$854,000	–	14,316	–	0.10%	–
DIA	New	SPDR DJIA TRUSTotr	$832,000	–	3,900	–	0.09%	–
OMC	New	OMNICOM GROUP	$835,000	–	10,077	–	0.09%	–
GS	New	GOLDMAN SACHS GROUP INC	$803,000	–	3,618	–	0.09%	–
NKE	New	NIKE INC-CLASS B	$776,000	–	13,152	–	0.09%	–
AMG	New	AFFILIATED MANAGERS GROUP INC	$738,000	–	4,450	–	0.08%	–
BBT	New	BB & T CORP	$725,000	–	15,975	–	0.08%	–
BX	New	BLACKSTONE GROUP LP	$667,000	–	20,000	–	0.07%	–
ESGR	New	ENSTAR GROUP LTD	$656,000	–	3,300	–	0.07%	–
FAST	New	FASTENAL CO	$640,000	–	14,700	–	0.07%	–
BAM	New	BROOKFIELD ASSET MANAGE-CL A	$618,000	–	15,750	–	0.07%	–
HD	New	HOME DEPOT INC	$622,000	–	4,054	–	0.07%	–
AEP	New	AMERICAN ELEC PWR INC	$593,000	–	8,538	–	0.07%	–
AXP	New	AMERICAN EXPRESS CO	$592,000	–	7,030	–	0.07%	–
RIO	New	RIO TINTO PLC SPONS ADR	$585,000	–	13,830	–	0.06%	–
DEI	New	DOUGLAS EMMETT INC REITotr	$554,000	–	14,500	–	0.06%	–
HAL	New	HALLIBURTON CO	$549,000	–	12,852	–	0.06%	–
KMX	New	CARMAX INC	$536,000	–	8,500	–	0.06%	–
GLPI	New	GAMING AND LEISURE PROPERTIESotr	$509,000	–	13,500	–	0.06%	–
VNO	New	VORNADO REALTY TRUST REITotr	$488,000	–	5,200	–	0.06%	–
WMT	New	WALMART STORES INC	$480,000	–	6,339	–	0.05%	–
EL	New	LAUDER ESTEE COS CL-A	$472,000	–	4,914	–	0.05%	–
VRX	New	VALEANT PHARMACEUTICALS INTL	$434,000	–	25,095	–	0.05%	–
LUK	New	LEUCADIA NATIONAL CORP	$419,000	–	16,000	–	0.05%	–
CL	New	COLGATE PALMOLIVE	$408,000	–	5,500	–	0.05%	–
IBM	New	INTERNATIONAL BUSINESS MACHINE	$413,000	–	2,684	–	0.05%	–
BIIB	New	BIOGEN INC	$390,000	–	1,439	–	0.04%	–
AMZN	New	AMAZON.COM INC	$383,000	–	396	–	0.04%	–
BFA	New	BROWN FORMAN CORP CL A	$387,000	–	7,850	–	0.04%	–
TIF	New	TIFFANY & CO	$375,000	–	4,000	–	0.04%	–
DHR	New	DANAHER CORP	$329,000	–	3,900	–	0.04%	–
WY	New	WEYERHAEUSER CO REITotr	$323,000	–	9,648	–	0.04%	–
GBL	New	GAMCO INVESTORS INC CL A	$324,000	–	10,950	–	0.04%	–
AMGN	New	AMGEN INC	$294,000	–	1,706	–	0.03%	–
CNDT	New	CONDUENT INC	$282,000	–	17,700	–	0.03%	–
BDX	New	BECTON DICKINSON	$254,000	–	1,300	–	0.03%	–
HOMB	New	HOME BANCSHARES INC	$249,000	–	10,000	–	0.03%	–
CXO	New	CONCHO RESOURCES	$243,000	–	2,000	–	0.03%	–
PACW	New	PACWEST BANCORP	$231,000	–	4,950	–	0.03%	–

Q4 2016

			Value		Shares		↓ Weighting
PACW	Exit	PACWEST BANCORP	$0	–	-4,950	–	-0.03%	–
LVS	Exit	LAS VEGAS SANDS CORP	$0	–	-4,000	–	-0.03%	–
VZ	Exit	VERIZON COMMUNICATIONS	$0	–	-4,529	–	-0.03%	–
CXO	Exit	CONCHO RESOURCES	$0	–	-2,000	–	-0.04%	–
AMGN	Exit	AMGEN INC	$0	–	-1,669	–	-0.04%	–
TIF	Exit	TIFFANY & CO	$0	–	-4,000	–	-0.04%	–
DHR	Exit	DANAHER CORP	$0	–	-3,900	–	-0.04%	–
WY	Exit	WEYERHAEUSER COMPANY COM	$0	–	-9,635	–	-0.04%	–
GBL	Exit	GAMCO INVESTORS INC CL A	$0	–	-10,950	–	-0.04%	–
AMZN	Exit	AMAZON.COM INC	$0	–	-370	–	-0.04%	–
KMX	Exit	CARMAX INC	$0	–	-6,600	–	-0.04%	–
WMT	Exit	WALMART STORES INC	$0	–	-5,500	–	-0.05%	–
CL	Exit	COLGATE PALMOLIVE	$0	–	-5,500	–	-0.05%	–
BFA	Exit	BROWN FORMAN CORP CL A	$0	–	-8,410	–	-0.05%	–
EL	Exit	LAUDER ESTEE COS CL-A	$0	–	-4,900	–	-0.06%	–
BIIB	Exit	BIOGEN INC	$0	–	-1,451	–	-0.06%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHINE	$0	–	-2,852	–	-0.06%	–
RIO	Exit	RIO TINTO PLC SPONS ADR	$0	–	-13,830	–	-0.06%	–
WFM	Exit	WHOLE FOODS MKT INC	$0	–	-16,550	–	-0.06%	–
HD	Exit	HOME DEPOT INC	$0	–	-3,687	–	-0.06%	–
LUK	Exit	LEUCADIA NATIONAL CORP	$0	–	-26,500	–	-0.06%	–
BX	Exit	BLACKSTONE GROUP LP	$0	–	-19,750	–	-0.06%	–
AMG	Exit	AFFILIATED MANAGERS GROUP INC	$0	–	-3,550	–	-0.07%	–
VNO	Exit	VORNADO REALTY TRUST REITotr	$0	–	-5,200	–	-0.07%	–
AXP	Exit	AMERICAN EXPRESS CO	$0	–	-8,500	–	-0.07%	–
BBT	Exit	BB & T CORP	$0	–	-14,805	–	-0.07%	–
BAM	Exit	BROOKFIELD ASSET MANAGE-CL A	$0	–	-15,750	–	-0.07%	–
HAL	Exit	HALLIBURTON CO	$0	–	-12,837	–	-0.07%	–
GS	Exit	GOLDMAN SACHS GROUP INC	$0	–	-3,600	–	-0.07%	–
DEI	Exit	DOUGLAS EMMETT INC REITotr	$0	–	-16,000	–	-0.08%	–
FAST	Exit	FASTENAL CO	$0	–	-14,700	–	-0.08%	–
VRX	Exit	VALEANT PHARMACEUTICALS INTL	$0	–	-25,095	–	-0.08%	–
AEP	Exit	AMERICAN ELEC PWR INC	$0	–	-9,826	–	-0.08%	–
NKE	Exit	NIKE INC-CLASS B	$0	–	-13,155	–	-0.09%	–
DIA	Exit	SPDR DJIA TRUSTotr	$0	–	-3,900	–	-0.09%	–
CAT	Exit	CATERPILLAR INC	$0	–	-8,100	–	-0.09%	–
UTX	Exit	UNITED TECHNOLOGIES CORP	$0	–	-7,200	–	-0.09%	–
ESGR	Exit	ENSTAR GROUP LTD	$0	–	-4,500	–	-0.09%	–
GOOGL	Exit	ALPHABET INC CL A	$0	–	-931	–	-0.10%	–
WYNN	Exit	WYNN RESORTS LTD	$0	–	-7,800	–	-0.10%	–
EMR	Exit	EMERSON ELECTRIC	$0	–	-14,285	–	-0.10%	–
NVS	Exit	NOVARTIS AG SPONSORED ADR	$0	–	-10,325	–	-0.10%	–
OMC	Exit	OMNICOM GROUP	$0	–	-10,050	–	-0.11%	–
DOW	Exit	DOW CHEM COMPANY	$0	–	-17,120	–	-0.11%	–
TEVA	Exit	TEVA PHARMACEUTICAL INDS LTD A	$0	–	-26,675	–	-0.16%	–
CLX	Exit	CLOROX COMPANY	$0	–	-10,028	–	-0.16%	–
KMB	Exit	KIMBERLY-CLARK CORP	$0	–	-10,000	–	-0.16%	–
FISV	Exit	FISERV INC	$0	–	-12,950	–	-0.16%	–
SYK	Exit	STRYKER CORP	$0	–	-12,225	–	-0.18%	–
BRKA	Exit	BERKSHIRE HATHAWAY INC CLASS A	$0	–	-7	–	-0.19%	–
GLW	Exit	CORNING INC COM	$0	–	-64,225	–	-0.19%	–
SE	Exit	SPECTRA ENERGY CORP WI	$0	–	-40,000	–	-0.22%	–
WBA	Exit	WALGREENS BOOTS ALLIANCE INC	$0	–	-21,356	–	-0.22%	–
KHC	Exit	KRAFT HEINZ CO	$0	–	-20,069	–	-0.23%	–
MDLZ	Exit	MONDELEZ INTERNATIONAL INC	$0	–	-60,203	–	-0.34%	–
KO	Exit	COCA COLA CO	$0	–	-64,571	–	-0.35%	–
LOW	Exit	LOWES COS INC	$0	–	-46,463	–	-0.43%	–
PXD	Exit	PIONEER NATURAL RESOURCES CO	$0	–	-22,731	–	-0.54%	–
TTE	Exit	TOTAL S.A. SPONS ADR	$0	–	-100,180	–	-0.61%	–
VLO	Exit	VALERO ENERGY CORP	$0	–	-120,437	–	-0.82%	–
HRB	Exit	H&R BLOCK INC	$0	–	-278,142	–	-0.82%	–
HBI	Exit	HANESBRANDS INC	$0	–	-257,903	–	-0.83%	–
GM	Exit	GENERAL MOTORS CO	$0	–	-209,561	–	-0.85%	–
AGN	Exit	ALLERGAN PLC	$0	–	-29,776	–	-0.88%	–
CBS	Exit	CBS CORP CL B	$0	–	-126,816	–	-0.89%	–
JCI	Exit	JOHNSON CONTROLS INTERNATIONAL	$0	–	-150,355	–	-0.89%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC-CL B	$0	–	-48,445	–	-0.89%	–
IVZ	Exit	INVESCO LIMITED	$0	–	-243,209	–	-0.97%	–
POT	Exit	POTASH CORP SASK INC	$0	–	-498,323	–	-1.04%	–
WFC	Exit	WELLS FARGO & CO	$0	–	-207,277	–	-1.17%	–
SLB	Exit	SCHLUMBERGER LTD	$0	–	-120,232	–	-1.21%	–
UN	Exit	UNILEVER N V -NY SHARES	$0	–	-221,274	–	-1.30%	–
TEL	Exit	TE CONNECTIVITY LIMITED	$0	–	-163,504	–	-1.34%	–
AAP	Exit	ADVANCED AUTO PARTS	$0	–	-70,725	–	-1.35%	–
OXY	Exit	OCCIDENTAL PETE CORP	$0	–	-145,021	–	-1.35%	–
CDW	Exit	CDW CORP	$0	–	-236,989	–	-1.38%	–
KR	Exit	KROGER CO	$0	–	-402,614	–	-1.53%	–
PEP	Exit	PEPSICO INC	$0	–	-114,423	–	-1.59%	–
PG	Exit	PROCTER & GAMBLE COMPANY	$0	–	-141,727	–	-1.62%	–
BA	Exit	BOEING CO	$0	–	-104,764	–	-1.76%	–
HCA	Exit	HCA HOLDINGS INC	$0	–	-194,111	–	-1.87%	–
NWL	Exit	NEWELL BRANDS INC	$0	–	-299,850	–	-2.02%	–
HON	Exit	HONEYWELL INTL INC	$0	–	-136,865	–	-2.04%	–
VNTV	Exit	VANTIV INC -CL A	$0	–	-284,312	–	-2.04%	–
CVS	Exit	CVS HEALTH CORP	$0	–	-187,499	–	-2.13%	–
AIG	Exit	AMERICAN INTERNATIONAL GROUP	$0	–	-284,446	–	-2.16%	–
PFE	Exit	PFIZER INC	$0	–	-499,176	–	-2.16%	–
BAC	Exit	BANK AMER CORP	$0	–	-1,081,007	–	-2.16%	–
V	Exit	VISA INC	$0	–	-204,824	–	-2.16%	–
GE	Exit	GENERAL ELECTRIC CORP	$0	–	-575,187	–	-2.18%	–
MKL	Exit	MARKEL CORPORATION	$0	–	-18,507	–	-2.20%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-203,545	–	-2.27%	–
C	Exit	CITIGROUP INC	$0	–	-378,217	–	-2.28%	–
DKS	Exit	DICKS SPORTING GOODS INC	$0	–	-316,517	–	-2.29%	–
FDX	Exit	FEDEX CORPORATION	$0	–	-106,514	–	-2.38%	–
UNH	Exit	UNITEDHEALTH GROUP INC COM	$0	–	-133,025	–	-2.38%	–
AAPL	Exit	APPLE INC	$0	–	-166,579	–	-2.40%	–
MDT	Exit	MEDTRONIC PLC	$0	–	-234,444	–	-2.59%	–
T	Exit	AT & T INC	$0	–	-511,364	–	-2.65%	–
NXPI	Exit	NXP SEMICONDUCTORS	$0	–	-213,378	–	-2.78%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-459,857	–	-3.38%	–
GOOG	Exit	ALPHABET INC CL C	$0	–	-35,910	–	-3.56%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-241,616	–	-3.64%	–
JPM	Exit	JP MORGAN CHASE & CO	$0	–	-444,295	–	-3.78%	–
CTBI	Exit	COMMUNITY TRUST BANCORP INC	$0	–	-1,893,737	–	-8.97%	–

Q3 2016

			Value		Shares		↓ Weighting
CTBI	Sell	COMMUNITY TRUST BANCORP INC	$70,276,000	+5.3%	1,893,737	-1.6%	8.97%	+5.8%
JPM	Buy	JP MORGAN CHASE & CO	$29,585,000	+8.9%	444,295	+1.7%	3.78%	+9.4%
JNJ	Sell	JOHNSON & JOHNSON	$28,542,000	-4.3%	241,616	-1.8%	3.64%	-3.9%
GOOG	Sell	ALPHABET INC CL C	$27,913,000	+7.0%	35,910	-4.8%	3.56%	+7.4%
MSFT	Sell	MICROSOFT CORP	$26,488,000	+11.5%	459,857	-0.9%	3.38%	+12.0%
NXPI	Sell	NXP SEMICONDUCTORS	$21,767,000	+15.1%	213,378	-11.6%	2.78%	+15.6%
T	Sell	AT & T INC	$20,767,000	-6.9%	511,364	-0.9%	2.65%	-6.5%
MDT	Sell	MEDTRONIC PLC	$20,256,000	-4.9%	234,444	-4.5%	2.59%	-4.5%
AAPL	New	APPLE INC	$18,832,000	–	166,579	–	2.40%	–
UNH	Sell	UNITEDHEALTH GROUP INC COM	$18,623,000	-2.1%	133,025	-1.3%	2.38%	-1.7%
FDX	Sell	FEDEX CORPORATION	$18,606,000	-3.4%	106,514	-16.0%	2.38%	-2.9%
DKS	Sell	DICKS SPORTING GOODS INC	$17,953,000	+8.3%	316,517	-13.9%	2.29%	+8.8%
C	Sell	CITIGROUP INC	$17,864,000	-9.2%	378,217	-18.5%	2.28%	-8.7%
XOM	Sell	EXXON MOBIL CORP	$17,765,000	-21.0%	203,545	-15.2%	2.27%	-20.7%
MKL	Sell	MARKEL CORPORATION	$17,189,000	-3.2%	18,507	-0.7%	2.20%	-2.8%
GE	Sell	GENERAL ELECTRIC CORP	$17,037,000	-6.8%	575,187	-0.9%	2.18%	-6.4%
V	Buy	VISA INC	$16,939,000	+11.8%	204,824	+0.2%	2.16%	+12.2%
BAC	New	BANK AMER CORP	$16,918,000	–	1,081,007	–	2.16%	–
PFE	Sell	PFIZER INC	$16,908,000	-5.5%	499,176	-1.8%	2.16%	-5.1%
AIG	New	AMERICAN INTERNATIONAL GROUP	$16,879,000	–	284,446	–	2.16%	–
CVS	Sell	CVS HEALTH CORP	$16,685,000	-8.2%	187,499	-1.2%	2.13%	-7.8%
VNTV	Sell	VANTIV INC -CL A	$15,998,000	-1.5%	284,312	-0.9%	2.04%	-1.1%
HON	Sell	HONEYWELL INTL INC	$15,957,000	-0.9%	136,865	-1.2%	2.04%	-0.5%
NWL	Sell	NEWELL BRANDS INC	$15,790,000	+8.3%	299,850	-0.1%	2.02%	+8.8%
HCA	Sell	HCA HOLDINGS INC	$14,681,000	-2.0%	194,111	-0.2%	1.87%	-1.6%
BA	New	BOEING CO	$13,802,000	–	104,764	–	1.76%	–
PG	Sell	PROCTER & GAMBLE COMPANY	$12,720,000	+5.2%	141,727	-0.8%	1.62%	+5.7%
PEP	Sell	PEPSICO INC	$12,446,000	+1.1%	114,423	-1.6%	1.59%	+1.5%
KR	Buy	KROGER CO	$11,949,000	+14.9%	402,614	+42.5%	1.53%	+15.4%
CDW	Sell	CDW CORP	$10,837,000	+13.6%	236,989	-0.4%	1.38%	+14.2%
OXY	Sell	OCCIDENTAL PETE CORP	$10,575,000	-5.4%	145,021	-1.9%	1.35%	-4.9%
AAP	Sell	ADVANCED AUTO PARTS	$10,546,000	-30.8%	70,725	-25.0%	1.35%	-30.5%
TEL	Sell	TE CONNECTIVITY LIMITED	$10,527,000	-16.6%	163,504	-26.0%	1.34%	-16.2%
UN	Sell	UNILEVER N V -NY SHARES	$10,201,000	-1.9%	221,274	-0.1%	1.30%	-1.5%
SLB	Sell	SCHLUMBERGER LTD	$9,455,000	-0.7%	120,232	-0.1%	1.21%	-0.2%
WFC	Sell	WELLS FARGO & CO	$9,178,000	-29.6%	207,277	-24.7%	1.17%	-29.2%
POT	Buy	POTASH CORP SASK INC	$8,133,000	+0.8%	498,323	+0.3%	1.04%	+1.3%
IVZ	Sell	INVESCO LIMITED	$7,605,000	-13.1%	243,209	-29.0%	0.97%	-12.7%
BRKB	New	BERKSHIRE HATHAWAY INC-CL B	$6,999,000	–	48,445	–	0.89%	–
JCI	New	JOHNSON CONTROLS INTERNATIONAL	$6,996,000	–	150,355	–	0.89%	–
CBS	Buy	CBS CORP CL B	$6,942,000	+3.1%	126,816	+2.5%	0.89%	+3.5%
AGN	Buy	ALLERGAN PLC	$6,858,000	+0.7%	29,776	+1.0%	0.88%	+1.2%
GM	Sell	GENERAL MOTORS CO	$6,658,000	+2.0%	209,561	-9.1%	0.85%	+2.4%
HBI	New	HANESBRANDS INC	$6,512,000	–	257,903	–	0.83%	–
HRB	New	H&R BLOCK INC	$6,439,000	–	278,142	–	0.82%	–
VLO	Sell	VALERO ENERGY CORP	$6,383,000	+1.8%	120,437	-2.1%	0.82%	+2.3%
TTE	Sell	TOTAL S.A. SPONS ADR	$4,779,000	-41.3%	100,180	-40.8%	0.61%	-41.1%
PXD	Buy	PIONEER NATURAL RESOURCES CO	$4,220,000	+28.2%	22,731	+4.4%	0.54%	+28.6%
LOW	New	LOWES COS INC	$3,355,000	–	46,463	–	0.43%	–
KO	Buy	COCA COLA CO	$2,733,000	-6.6%	64,571	+0.0%	0.35%	-6.2%
KHC	Buy	KRAFT HEINZ CO	$1,796,000	+1.5%	20,069	+0.4%	0.23%	+1.8%
BRKA	New	BERKSHIRE HATHAWAY INC CLASS A	$1,514,000	–	7	–	0.19%	–
CLX	Buy	CLOROX COMPANY	$1,255,000	-9.3%	10,028	+0.3%	0.16%	-9.1%
DOW	Buy	DOW CHEM COMPANY	$887,000	+5.0%	17,120	+0.7%	0.11%	+5.6%
NVS	Sell	NOVARTIS AG SPONSORED ADR	$815,000	-11.4%	10,325	-7.4%	0.10%	-11.1%
EMR	Sell	EMERSON ELECTRIC	$779,000	+2.1%	14,285	-2.3%	0.10%	+2.1%
GOOGL	Buy	ALPHABET INC CL A	$749,000	+18.7%	931	+3.8%	0.10%	+20.0%
NKE	Buy	NIKE INC-CLASS B	$693,000	-3.5%	13,155	+1.2%	0.09%	-3.3%
AEP	New	AMERICAN ELEC PWR INC	$631,000	–	9,826	–	0.08%	–
HAL	Sell	HALLIBURTON CO	$576,000	-5.7%	12,837	-4.8%	0.07%	-5.1%
BBT	New	BB & T CORP	$558,000	–	14,805	–	0.07%	–
AXP	New	AMERICAN EXPRESS CO	$544,000	–	8,500	–	0.07%	–
AMG	New	AFFILIATED MANAGERS GROUP INC	$514,000	–	3,550	–	0.07%	–
LUK	Sell	LEUCADIA NATIONAL CORP	$505,000	-11.7%	26,500	-19.7%	0.06%	-12.3%
BX	Buy	BLACKSTONE GROUP LP	$504,000	+28.2%	19,750	+23.4%	0.06%	+28.0%
HD	Buy	HOME DEPOT INC	$474,000	+3.3%	3,687	+2.7%	0.06%	+5.2%
BIIB	Buy	BIOGEN INC	$454,000	+31.6%	1,451	+1.8%	0.06%	+31.8%
IBM	Buy	INTERNATIONAL BUSINESS MACHINE	$453,000	+7.6%	2,852	+2.9%	0.06%	+7.4%
BFA	Buy	BROWN FORMAN CORP CL A	$419,000	-7.7%	8,410	+100.0%	0.05%	-8.6%
AMZN	New	AMAZON.COM INC	$310,000	–	370	–	0.04%	–
AMGN	New	AMGEN INC	$278,000	–	1,669	–	0.04%	–
VZ	Buy	VERIZON COMMUNICATIONS	$235,000	+5.9%	4,529	+13.7%	0.03%	+7.1%
LVS	New	LAS VEGAS SANDS CORP	$230,000	–	4,000	–	0.03%	–
PACW	New	PACWEST BANCORP	$212,000	–	4,950	–	0.03%	–
BMY	Exit	BRISTOL MYERS SQUIBB CO	$0	–	-2,785	–	-0.03%	–
ESRX	Exit	EXPRESS SCRIPTS HLDG	$0	–	-2,679	–	-0.03%	–
MKC	Exit	MCCORMICK & CO INC	$0	–	-2,000	–	-0.03%	–
	Exit	AMGEN INC	$0	–	-1,665	–	-0.03%	–
	Exit	AMAZON.COM INC	$0	–	-390	–	-0.04%	–
	Exit	AFFILIATED MANAGERS GROUP INC	$0	–	-3,550	–	-0.06%	–
	Exit	AMERICAN EXPRESS CO	$0	–	-8,500	–	-0.07%	–
	Exit	AMERICAN ELEC PWR INC	$0	–	-7,429	–	-0.07%	–
	Exit	BB & T CORP	$0	–	-15,350	–	-0.07%	–
	Exit	BERKSHIRE HATHAWAY INC CLASS A	$0	–	-7	–	-0.19%	–
	Exit	H&R BLOCK INC	$0	–	-278,718	–	-0.82%	–
	Exit	BERKSHIRE HATHAWAY INC-CL B	$0	–	-48,445	–	-0.89%	–
GILD	Exit	GILEAD SCIENCES INC	$0	–	-125,451	–	-1.33%	–
	Exit	BANK AMER CORP	$0	–	-1,089,058	–	-1.84%	–
	Exit	APPLE INC	$0	–	-166,729	–	-2.03%	–
	Exit	BOEING CO	$0	–	-133,818	–	-2.21%	–
	Exit	AMERICAN INTERNATIONAL GROUP	$0	–	-361,572	–	-2.43%	–

Q2 2016

			Value		Shares		↓ Weighting
CTBI	New	COMMUNITY TRUST BANCORP INC	$66,728,000	–	1,925,213	–	8.48%	–
JNJ	New	JOHNSON & JOHNSON	$29,839,000	–	245,989	–	3.79%	–
JPM	New	JP MORGAN CHASE & CO	$27,158,000	–	437,042	–	3.45%	–
GOOG	New	ALPHABET INC CL C	$26,096,000	–	37,706	–	3.32%	–
MSFT	New	MICROSOFT CORP	$23,751,000	–	464,148	–	3.02%	–
XOM	New	EXXON MOBIL CORP	$22,501,000	–	240,039	–	2.86%	–
T	New	AT & T INC	$22,307,000	–	516,263	–	2.84%	–
MDT	New	MEDTRONIC PLC	$21,308,000	–	245,569	–	2.71%	–
C	New	CITIGROUP INC	$19,664,000	–	463,898	–	2.50%	–
FDX	New	FEDEX CORPORATION	$19,253,000	–	126,849	–	2.45%	–
	New	AMERICAN INTERNATIONAL GROUP	$19,123,000	–	361,572	–	2.43%	–
UNH	New	UNITEDHEALTH GROUP INC COM	$19,026,000	–	134,742	–	2.42%	–
NXPI	New	NXP SEMICONDUCTORS	$18,915,000	–	241,446	–	2.40%	–
GE	New	GENERAL ELECTRIC CORP	$18,275,000	–	580,509	–	2.32%	–
CVS	New	CVS HEALTH CORP	$18,175,000	–	189,837	–	2.31%	–
PFE	New	PFIZER INC	$17,901,000	–	508,422	–	2.28%	–
MKL	New	MARKEL CORPORATION	$17,762,000	–	18,642	–	2.26%	–
	New	BOEING CO	$17,379,000	–	133,818	–	2.21%	–
DKS	New	DICKS SPORTING GOODS INC	$16,574,000	–	367,813	–	2.11%	–
VNTV	New	VANTIV INC -CL A	$16,243,000	–	286,974	–	2.06%	–
HON	New	HONEYWELL INTL INC	$16,107,000	–	138,470	–	2.05%	–
	New	APPLE INC	$15,939,000	–	166,729	–	2.03%	–
AAP	New	ADVANCED AUTO PARTS	$15,245,000	–	94,320	–	1.94%	–
V	New	VISA INC	$15,157,000	–	204,365	–	1.93%	–
HCA	New	HCA HOLDINGS INC	$14,979,000	–	194,505	–	1.90%	–
NWL	New	NEWELL BRANDS INC	$14,577,000	–	300,123	–	1.85%	–
	New	BANK AMER CORP	$14,452,000	–	1,089,058	–	1.84%	–
WFC	New	WELLS FARGO & CO	$13,031,000	–	275,323	–	1.66%	–
TEL	New	TE CONNECTIVITY LIMITED	$12,619,000	–	220,976	–	1.60%	–
PEP	New	PEPSICO INC	$12,314,000	–	116,233	–	1.56%	–
PG	New	PROCTER & GAMBLE COMPANY	$12,091,000	–	142,808	–	1.54%	–
OXY	New	OCCIDENTAL PETE CORP	$11,173,000	–	147,858	–	1.42%	–
GILD	New	GILEAD SCIENCES INC	$10,465,000	–	125,451	–	1.33%	–
KR	New	KROGER CO	$10,398,000	–	282,623	–	1.32%	–
UN	New	UNILEVER N V -NY SHARES	$10,402,000	–	221,604	–	1.32%	–
CDW	New	CDW CORP	$9,538,000	–	237,983	–	1.21%	–
SLB	New	SCHLUMBERGER LTD	$9,518,000	–	120,349	–	1.21%	–
IVZ	New	INVESCO LIMITED	$8,752,000	–	342,684	–	1.11%	–
TTE	New	TOTAL S.A. SPONS ADR	$8,145,000	–	169,335	–	1.04%	–
POT	New	POTASH CORP SASK INC	$8,066,000	–	496,680	–	1.02%	–
	New	BERKSHIRE HATHAWAY INC-CL B	$7,014,000	–	48,445	–	0.89%	–
AGN	New	ALLERGAN PLC	$6,812,000	–	29,476	–	0.87%	–
CBS	New	CBS CORP CL B	$6,734,000	–	123,700	–	0.86%	–
GM	New	GENERAL MOTORS CO	$6,528,000	–	230,667	–	0.83%	–
	New	H&R BLOCK INC	$6,411,000	–	278,718	–	0.82%	–
VLO	New	VALERO ENERGY CORP	$6,273,000	–	122,997	–	0.80%	–
PXD	New	PIONEER NATURAL RESOURCES CO	$3,293,000	–	21,777	–	0.42%	–
KO	New	COCA COLA CO	$2,927,000	–	64,565	–	0.37%	–
MDLZ	New	MONDELEZ INTERNATIONAL INC	$2,740,000	–	60,203	–	0.35%	–
WBA	New	WALGREENS BOOTS ALLIANCE INC	$1,778,000	–	21,356	–	0.23%	–
KHC	New	KRAFT HEINZ CO	$1,770,000	–	19,999	–	0.22%	–
	New	BERKSHIRE HATHAWAY INC CLASS A	$1,519,000	–	7	–	0.19%	–
SYK	New	STRYKER CORP	$1,465,000	–	12,225	–	0.19%	–
SE	New	SPECTRA ENERGY CORP WI	$1,465,000	–	40,000	–	0.19%	–
FISV	New	FISERV INC	$1,408,000	–	12,950	–	0.18%	–
CLX	New	CLOROX COMPANY	$1,384,000	–	10,000	–	0.18%	–
KMB	New	KIMBERLY-CLARK CORP	$1,375,000	–	10,000	–	0.18%	–
TEVA	New	TEVA PHARMACEUTICAL INDS LTD A	$1,340,000	–	26,675	–	0.17%	–
GLW	New	CORNING INC COM	$1,315,000	–	64,225	–	0.17%	–
NVS	New	NOVARTIS AG SPONSORED ADR	$920,000	–	11,150	–	0.12%	–
DOW	New	DOW CHEM COMPANY	$845,000	–	17,000	–	0.11%	–
OMC	New	OMNICOM GROUP	$819,000	–	10,050	–	0.10%	–
EMR	New	EMERSON ELECTRIC	$763,000	–	14,625	–	0.10%	–
UTX	New	UNITED TECHNOLOGIES CORP	$738,000	–	7,200	–	0.09%	–
ESGR	New	ENSTAR GROUP LTD	$729,000	–	4,500	–	0.09%	–
NKE	New	NIKE INC-CLASS B	$718,000	–	13,000	–	0.09%	–
WYNN	New	WYNN RESORTS LTD	$707,000	–	7,800	–	0.09%	–
DIA	New	SPDR DJIA TRUSTother	$698,000	–	3,900	–	0.09%	–
FAST	New	FASTENAL CO	$653,000	–	14,700	–	0.08%	–
GOOGL	New	ALPHABET INC CL A	$631,000	–	897	–	0.08%	–
HAL	New	HALLIBURTON CO	$611,000	–	13,487	–	0.08%	–
CAT	New	CATERPILLAR INC	$614,000	–	8,100	–	0.08%	–
LUK	New	LEUCADIA NATIONAL CORP	$572,000	–	33,000	–	0.07%	–
DEI	New	DOUGLAS EMMETT INC REITother	$568,000	–	16,000	–	0.07%	–
	New	BB & T CORP	$547,000	–	15,350	–	0.07%	–
GS	New	GOLDMAN SACHS GROUP INC	$535,000	–	3,600	–	0.07%	–
WFM	New	WHOLE FOODS MKT INC	$530,000	–	16,550	–	0.07%	–
VNO	New	VORNADO REALTY TRUST REITother	$521,000	–	5,200	–	0.07%	–
	New	AMERICAN EXPRESS CO	$516,000	–	8,500	–	0.07%	–
BAM	New	BROOKFIELD ASSET MANAGE-CL A	$521,000	–	15,750	–	0.07%	–
	New	AMERICAN ELEC PWR INC	$521,000	–	7,429	–	0.07%	–
VRX	New	VALEANT PHARMACEUTICALS INTL	$505,000	–	25,095	–	0.06%	–
	New	AFFILIATED MANAGERS GROUP INC	$500,000	–	3,550	–	0.06%	–
BFA	New	BROWN FORMAN CORP CL A	$454,000	–	4,205	–	0.06%	–
HD	New	HOME DEPOT INC	$459,000	–	3,590	–	0.06%	–
EL	New	LAUDER ESTEE COS CL-A	$446,000	–	4,900	–	0.06%	–
RIO	New	RIO TINTO PLC SPONS ADR	$433,000	–	13,830	–	0.06%	–
IBM	New	INTERNATIONAL BUSINESS MACHINE	$421,000	–	2,772	–	0.05%	–
CL	New	COLGATE PALMOLIVE	$403,000	–	5,500	–	0.05%	–
WMT	New	WALMART STORES INC	$402,000	–	5,500	–	0.05%	–
DHR	New	DANAHER CORP	$394,000	–	3,900	–	0.05%	–
BX	New	BLACKSTONE GROUP LP	$393,000	–	16,000	–	0.05%	–
GBL	New	GAMCO INVESTORS INC CL A	$359,000	–	10,950	–	0.05%	–
BIIB	New	BIOGEN INC	$345,000	–	1,426	–	0.04%	–
KMX	New	CARMAX INC	$324,000	–	6,600	–	0.04%	–
WY	New	WEYERHAEUSER COMPANY COM	$287,000	–	9,635	–	0.04%	–
	New	AMAZON.COM INC	$279,000	–	390	–	0.04%	–
	New	AMGEN INC	$253,000	–	1,665	–	0.03%	–
TIF	New	TIFFANY & CO	$243,000	–	4,000	–	0.03%	–
CXO	New	CONCHO RESOURCES	$239,000	–	2,000	–	0.03%	–
VZ	New	VERIZON COMMUNICATIONS	$222,000	–	3,982	–	0.03%	–
MKC	New	MCCORMICK & CO INC	$213,000	–	2,000	–	0.03%	–
BMY	New	BRISTOL MYERS SQUIBB CO	$205,000	–	2,785	–	0.03%	–
ESRX	New	EXPRESS SCRIPTS HLDG	$203,000	–	2,679	–	0.03%	–

Q4 2015

			Value		Shares		↓ Weighting
NRP	Exit	NATURAL RESOURCE PARTNERS LP	$0	–	-17,170	–	-0.01%	–
ESRX	Exit	EXPRESS SCRIPTS HLDG	$0	–	-2,679	–	-0.03%	–
KMI	Exit	KINDER MORGAN INC	$0	–	-8,333	–	-0.03%	–
PCL	Exit	PLUM CREEK TIMBER CO INC COM	$0	–	-6,022	–	-0.03%	–
	Exit	AMGEN INC	$0	–	-1,755	–	-0.03%	–
WYNN	Exit	WYNN RESORTS LTD	$0	–	-5,050	–	-0.04%	–
JNK	Exit	SPDR BARCLAYS CAPITAL HIGH YIEotr	$0	–	-7,664	–	-0.04%	–
BMY	Exit	BRISTOL MYERS SQUIBB CO	$0	–	-4,900	–	-0.04%	–
HD	Exit	HOME DEPOT INC	$0	–	-2,665	–	-0.04%	–
TIF	Exit	TIFFANY & CO	$0	–	-4,000	–	-0.04%	–
CVX	Exit	CHEVRON CORPORATION	$0	–	-3,960	–	-0.04%	–
DHR	Exit	DANAHER CORP	$0	–	-3,900	–	-0.04%	–
CL	Exit	COLGATE PALMOLIVE	$0	–	-5,700	–	-0.05%	–
EL	Exit	LAUDER ESTEE COS CL-A	$0	–	-4,900	–	-0.05%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHINE	$0	–	-2,772	–	-0.05%	–
BIIB	Exit	BIOGEN INC	$0	–	-1,426	–	-0.06%	–
IJH	Exit	ISHARES CORE S&P MID-CAP ETFotr	$0	–	-3,191	–	-0.06%	–
DEI	Exit	DOUGLAS EMMETT INC REITotr	$0	–	-16,000	–	-0.06%	–
RIO	Exit	RIO TINTO PLC SPONS ADR	$0	–	-13,830	–	-0.06%	–
IGSB	Exit	ISHARES BARCLAYS 1-3 YEAR CR Eotr	$0	–	-4,435	–	-0.06%	–
VNO	Exit	VORNADO REALTY TRUST REITotr	$0	–	-5,200	–	-0.06%	–
BFA	Exit	BROWN FORMAN CORP CL A	$0	–	-4,605	–	-0.07%	–
BAM	Exit	BROOKFIELD ASSET MANAGE-CL A	$0	–	-15,750	–	-0.07%	–
	Exit	BB & T CORP	$0	–	-14,375	–	-0.07%	–
HAL	Exit	HALLIBURTON CO	$0	–	-14,412	–	-0.07%	–
VZ	Exit	VERIZON COMMUNICATIONS	$0	–	-11,753	–	-0.07%	–
WFM	Exit	WHOLE FOODS MKT INC	$0	–	-16,250	–	-0.07%	–
CAT	Exit	CATERPILLAR INC	$0	–	-8,100	–	-0.07%	–
FAST	Exit	FASTENAL CO	$0	–	-14,700	–	-0.07%	–
GBL	Exit	GAMCO INVESTORS INC CL A	$0	–	-10,950	–	-0.08%	–
	Exit	AFFILIATED MANAGERS GROUP INC	$0	–	-3,550	–	-0.08%	–
	Exit	AMERICAN EXPRESS CO	$0	–	-8,500	–	-0.08%	–
GS	Exit	GOLDMAN SACHS GROUP INC	$0	–	-3,600	–	-0.08%	–
DIA	Exit	SPDR DJIA TRUSTotr	$0	–	-3,900	–	-0.09%	–
EMR	Exit	EMERSON ELECTRIC	$0	–	-14,725	–	-0.09%	–
OMC	Exit	OMNICOM GROUP	$0	–	-10,050	–	-0.09%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-13,851	–	-0.09%	–
LUK	Exit	LEUCADIA NATIONAL CORP	$0	–	-33,000	–	-0.09%	–
ESGR	Exit	ENSTAR GROUP LTD	$0	–	-4,500	–	-0.09%	–
UTX	Exit	UNITED TECHNOLOGIES CORP	$0	–	-7,700	–	-0.09%	–
NKE	Exit	NIKE INC-CLASS B	$0	–	-6,500	–	-0.11%	–
WMT	Exit	WALMART STORES INC	$0	–	-12,925	–	-0.11%	–
SE	Exit	SPECTRA ENERGY CORP WI	$0	–	-40,000	–	-0.14%	–
KMB	Exit	KIMBERLY-CLARK CORP	$0	–	-10,000	–	-0.15%	–
GLW	Exit	CORNING INC COM	$0	–	-64,225	–	-0.15%	–
FISV	Exit	FISERV INC	$0	–	-12,950	–	-0.15%	–
SYK	Exit	STRYKER CORP	$0	–	-12,225	–	-0.16%	–
CLX	Exit	CLOROX COMPANY	$0	–	-10,000	–	-0.16%	–
DOW	Exit	DOW CHEM COMPANY	$0	–	-27,925	–	-0.16%	–
FCNCA	Exit	FIRST CTZNS BANCSHARES INC CL	$0	–	-5,373	–	-0.16%	–
	Exit	BANK AMER CORP	$0	–	-82,156	–	-0.17%	–
GOOGL	Exit	GOOGLE INC CL A	$0	–	-2,021	–	-0.17%	–
	Exit	BERKSHIRE HATHAWAY INC CLASS A	$0	–	-7	–	-0.18%	–
	Exit	ASHLAND INC	$0	–	-13,775	–	-0.19%	–
KHC	Exit	KRAFT HEINZ CO	$0	–	-19,999	–	-0.19%	–
TEVA	Exit	TEVA PHARMACEUTICAL INDS LTD A	$0	–	-26,675	–	-0.20%	–
WBA	Exit	WALGREENS BOOTS ALLIANCE INC	$0	–	-21,356	–	-0.24%	–
MDLZ	Exit	MONDELEZ INTERNATIONAL INC	$0	–	-60,000	–	-0.34%	–
KO	Exit	COCA COLA CO	$0	–	-69,660	–	-0.38%	–
IWB	Exit	ISHARES RUSSELL 1000 ETFotr	$0	–	-26,143	–	-0.38%	–
GILD	Exit	GILEAD SCIENCES INC	$0	–	-31,564	–	-0.42%	–
SAMG	Exit	SILVERCREST ASSET MANAGEMENT G	$0	–	-358,380	–	-0.52%	–
KR	Exit	KROGER CO	$0	–	-110,205	–	-0.54%	–
UPS	Exit	UNITED PARCEL SVC INC CL B	$0	–	-42,449	–	-0.57%	–
VRX	Exit	VALEANT PHARMACEUTICALS INTL	$0	–	-25,095	–	-0.60%	–
PFE	Exit	PFIZER INC	$0	–	-171,582	–	-0.73%	–
JAH	Exit	JARDEN CORP	$0	–	-127,954	–	-0.84%	–
	Exit	BERKSHIRE HATHAWAY INC-CL B	$0	–	-48,445	–	-0.85%	–
VLO	Exit	VALERO ENERGY CORP	$0	–	-110,667	–	-0.90%	–
SLB	Exit	SCHLUMBERGER LTD	$0	–	-99,146	–	-0.92%	–
PCP	Exit	PRECISION CASTPARTS CORP	$0	–	-35,605	–	-1.10%	–
OXY	Exit	OCCIDENTAL PETE CORP	$0	–	-148,639	–	-1.33%	–
	Exit	BOEING CO	$0	–	-75,847	–	-1.34%	–
CVS	Exit	CVS HEALTH CORP	$0	–	-104,745	–	-1.36%	–
AAP	Exit	ADVANCED AUTO PARTS	$0	–	-53,643	–	-1.37%	–
PEP	Exit	PEPSICO INC	$0	–	-108,140	–	-1.38%	–
DKS	Exit	DICKS SPORTING GOODS INC	$0	–	-206,281	–	-1.38%	–
TEL	Exit	TE CONNECTIVITY LIMITED	$0	–	-173,797	–	-1.41%	–
RDSA	Exit	ROYAL DUTCH-ADR A	$0	–	-229,942	–	-1.47%	–
FDX	Exit	FEDEX CORPORATION	$0	–	-77,687	–	-1.51%	–
M	Exit	MACY'S INC	$0	–	-223,990	–	-1.55%	–
PVH	Exit	PVH CORP	$0	–	-118,760	–	-1.64%	–
TTE	Exit	TOTAL S.A. SPONS ADR	$0	–	-275,152	–	-1.66%	–
CDW	Exit	CDW CORP	$0	–	-305,698	–	-1.69%	–
UN	Exit	UNILEVER N V -NY SHARES	$0	–	-312,193	–	-1.70%	–
RF	Exit	REGIONS FINANCIAL CORP	$0	–	-1,423,632	–	-1.73%	–
HON	Exit	HONEYWELL INTL INC	$0	–	-135,997	–	-1.74%	–
	Exit	APPLE INC	$0	–	-117,389	–	-1.75%	–
ETN	Exit	EATON CORP PLC	$0	–	-252,520	–	-1.75%	–
NXPI	Exit	NXP SEMICONDUCTORS	$0	–	-152,909	–	-1.80%	–
WFC	Exit	WELLS FARGO & CO	$0	–	-265,209	–	-1.84%	–
V	Exit	VISA INC	$0	–	-195,597	–	-1.84%	–
GM	Exit	GENERAL MOTORS CO	$0	–	-463,227	–	-1.88%	–
NVS	Exit	NOVARTIS AG SPONSORED ADR	$0	–	-152,340	–	-1.89%	–
HCA	Exit	HCA HOLDINGS INC	$0	–	-191,204	–	-2.00%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-210,434	–	-2.11%	–
MKL	Exit	MARKEL CORPORATION	$0	–	-19,643	–	-2.13%	–
UNH	Exit	UNITEDHEALTH GROUP INC COM	$0	–	-139,156	–	-2.18%	–
MDT	Exit	MEDTRONIC PLC	$0	–	-243,665	–	-2.20%	–
PG	Exit	PROCTER & GAMBLE COMPANY	$0	–	-229,327	–	-2.23%	–
VNTV	Exit	VANTIV INC -CL A	$0	–	-389,596	–	-2.36%	–
GE	Exit	GENERAL ELECTRIC CORP	$0	–	-741,020	–	-2.52%	–
T	Exit	AT & T INC	$0	–	-586,854	–	-2.58%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-491,175	–	-2.94%	–
	Exit	AMERICAN INTERNATIONAL GROUP	$0	–	-387,785	–	-2.98%	–
C	Exit	CITIGROUP INC	$0	–	-489,571	–	-3.28%	–
GOOG	Exit	GOOGLE INC CLASS C	$0	–	-40,059	–	-3.29%	–
JPM	Exit	JP MORGAN CHASE & CO	$0	–	-415,298	–	-3.42%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-278,206	–	-3.51%	–
CTBI	Exit	COMMUNITY TRUST BANCORP INC	$0	–	-1,859,705	–	-8.92%	–

Q3 2015

			Value		Shares		↓ Weighting
CTBI	Buy	COMMUNITY TRUST BANCORP INC	$66,038,000	+2.6%	1,859,705	+0.7%	8.92%	+5.9%
JNJ	Buy	JOHNSON & JOHNSON	$25,970,000	-3.5%	278,206	+0.8%	3.51%	-0.3%
JPM	Buy	JP MORGAN CHASE & CO	$25,321,000	-8.9%	415,298	+1.2%	3.42%	-6.0%
GOOG	Buy	GOOGLE INC CLASS C	$24,373,000	+17.8%	40,059	+0.8%	3.29%	+21.6%
C	Buy	CITIGROUP INC	$24,287,000	-8.7%	489,571	+1.7%	3.28%	-5.8%
	Buy	AMERICAN INTERNATIONAL GROUP	$22,034,000	-7.7%	387,785	+0.4%	2.98%	-4.8%
MSFT	Buy	MICROSOFT CORP	$21,739,000	+1.1%	491,175	+0.8%	2.94%	+4.3%
T	Buy	AT & T INC	$19,120,000	-6.9%	586,854	+1.5%	2.58%	-3.9%
GE	Buy	GENERAL ELECTRIC CORP	$18,688,000	-4.5%	741,020	+0.6%	2.52%	-1.4%
VNTV	Sell	VANTIV INC -CL A	$17,501,000	+15.5%	389,596	-1.8%	2.36%	+19.2%
PG	Buy	PROCTER & GAMBLE COMPANY	$16,497,000	-7.4%	229,327	+0.7%	2.23%	-4.5%
MDT	Buy	MEDTRONIC PLC	$16,311,000	-4.9%	243,665	+5.3%	2.20%	-1.9%
UNH	Buy	UNITEDHEALTH GROUP INC COM	$16,144,000	-3.0%	139,156	+2.0%	2.18%	+0.1%
MKL	Sell	MARKEL CORPORATION	$15,751,000	-0.5%	19,643	-0.6%	2.13%	+2.7%
XOM	Buy	EXXON MOBIL CORP	$15,646,000	-7.3%	210,434	+3.8%	2.11%	-4.3%
HCA	Buy	HCA HOLDINGS INC	$14,791,000	-14.2%	191,204	+0.6%	2.00%	-11.4%
NVS	Buy	NOVARTIS AG SPONSORED ADR	$14,004,000	-5.4%	152,340	+1.2%	1.89%	-2.3%
GM	Buy	GENERAL MOTORS CO	$13,906,000	-8.5%	463,227	+1.6%	1.88%	-5.6%
V	Buy	VISA INC	$13,626,000	+6.1%	195,597	+2.2%	1.84%	+9.5%
WFC	Buy	WELLS FARGO & CO	$13,619,000	-8.0%	265,209	+0.8%	1.84%	-5.0%
NXPI	Buy	NXP SEMICONDUCTORS	$13,314,000	-8.5%	152,909	+3.2%	1.80%	-5.5%
ETN	Buy	EATON CORP PLC	$12,954,000	-20.0%	252,520	+5.2%	1.75%	-17.4%
	Buy	APPLE INC	$12,948,000	-1.1%	117,389	+12.5%	1.75%	+2.2%
HON	Buy	HONEYWELL INTL INC	$12,877,000	-2.1%	135,997	+5.4%	1.74%	+1.0%
RF	Buy	REGIONS FINANCIAL CORP	$12,827,000	-8.6%	1,423,632	+5.0%	1.73%	-5.7%
UN	Buy	UNILEVER N V -NY SHARES	$12,550,000	-2.7%	312,193	+1.3%	1.70%	+0.4%
CDW	Buy	CDW CORP	$12,491,000	+23.4%	305,698	+3.5%	1.69%	+27.4%
TTE	Sell	TOTAL S.A. SPONS ADR	$12,302,000	-9.5%	275,152	-0.5%	1.66%	-6.5%
PVH	Sell	PVH CORP	$12,107,000	-15.7%	118,760	-4.7%	1.64%	-13.0%
M	Buy	MACY'S INC	$11,495,000	-23.2%	223,990	+1.0%	1.55%	-20.6%
FDX	Buy	FEDEX CORPORATION	$11,185,000	+15.8%	77,687	+37.1%	1.51%	+19.6%
RDSA	Sell	ROYAL DUTCH-ADR A	$10,897,000	-17.7%	229,942	-0.9%	1.47%	-15.0%
TEL	Buy	TE CONNECTIVITY LIMITED	$10,409,000	+56.6%	173,797	+68.2%	1.41%	+61.8%
DKS	Buy	DICKS SPORTING GOODS INC	$10,233,000	+2.0%	206,281	+6.5%	1.38%	+5.3%
PEP	Buy	PEPSICO INC	$10,198,000	+6.1%	108,140	+5.0%	1.38%	+9.5%
AAP	Buy	ADVANCED AUTO PARTS	$10,167,000	+33.7%	53,643	+12.4%	1.37%	+38.0%
CVS	Buy	CVS HEALTH CORP	$10,106,000	+4.7%	104,745	+13.8%	1.36%	+8.1%
	Buy	BOEING CO	$9,933,000	+0.6%	75,847	+6.5%	1.34%	+3.9%
OXY	Buy	OCCIDENTAL PETE CORP	$9,832,000	+38.8%	148,639	+63.2%	1.33%	+43.3%
PCP	Buy	PRECISION CASTPARTS CORP	$8,179,000	+1621.9%	35,605	+1399.2%	1.10%	+1682.3%
SLB	Buy	SCHLUMBERGER LTD	$6,839,000	+766.8%	99,146	+983.1%	0.92%	+797.1%
VLO	New	VALERO ENERGY CORP	$6,651,000	–	110,667	–	0.90%	–
	Buy	BERKSHIRE HATHAWAY INC-CL B	$6,317,000	-3.6%	48,445	+0.6%	0.85%	-0.5%
JAH	New	JARDEN CORP	$6,255,000	–	127,954	–	0.84%	–
PFE	Buy	PFIZER INC	$5,389,000	+358.6%	171,582	+389.8%	0.73%	+372.7%
UPS	Sell	UNITED PARCEL SVC INC CL B	$4,189,000	-4.5%	42,449	-6.2%	0.57%	-1.4%
KR	New	KROGER CO	$3,975,000	–	110,205	–	0.54%	–
SAMG	Sell	SILVERCREST ASSET MANAGEMENT G	$3,874,000	-26.2%	358,380	-4.0%	0.52%	-23.9%
GILD	New	GILEAD SCIENCES INC	$3,100,000	–	31,564	–	0.42%	–
KO	Sell	COCA COLA CO	$2,795,000	+1.0%	69,660	-1.2%	0.38%	+4.1%
TEVA	Sell	TEVA PHARMACEUTICAL INDS LTD A	$1,506,000	-8.9%	26,675	-4.7%	0.20%	-6.0%
KHC	New	KRAFT HEINZ CO	$1,412,000	–	19,999	–	0.19%	–
	Buy	ASHLAND INC	$1,386,000	-11.7%	13,775	+7.0%	0.19%	-8.8%
GOOGL	Sell	GOOGLE INC CL A	$1,290,000	+15.8%	2,021	-2.0%	0.17%	+19.2%
	Buy	BANK AMER CORP	$1,280,000	-5.7%	82,156	+3.0%	0.17%	-2.8%
DOW	Buy	DOW CHEM COMPANY	$1,184,000	+25.6%	27,925	+51.6%	0.16%	+30.1%
WMT	Sell	WALMART STORES INC	$838,000	-10.0%	12,925	-1.5%	0.11%	-7.4%
COP	Sell	CONOCOPHILLIPS	$664,000	-26.4%	13,851	-5.7%	0.09%	-23.7%
EMR	Sell	EMERSON ELECTRIC	$650,000	-21.4%	14,725	-1.3%	0.09%	-18.5%
GS	Buy	GOLDMAN SACHS GROUP INC	$626,000	-13.1%	3,600	+4.3%	0.08%	-9.6%
GBL	Buy	GAMCO INVESTORS INC CL A	$601,000	-10.3%	10,950	+12.3%	0.08%	-8.0%
	Buy	BB & T CORP	$512,000	-10.3%	14,375	+1.4%	0.07%	-8.0%
VZ	Sell	VERIZON COMMUNICATIONS	$511,000	-22.0%	11,753	-16.3%	0.07%	-19.8%
WFM	Buy	WHOLE FOODS MKT INC	$514,000	+0.2%	16,250	+25.0%	0.07%	+3.0%
BAM	Sell	BROOKFIELD ASSET MANAGE-CL A	$495,000	-10.3%	15,750	-0.4%	0.07%	-6.9%
IBM	Sell	INTERNATIONAL BUSINESS MACHINE	$401,000	-11.5%	2,772	-0.4%	0.05%	-8.5%
CVX	Sell	CHEVRON CORPORATION	$312,000	-20.2%	3,960	-2.2%	0.04%	-17.6%
BMY	Sell	BRISTOL MYERS SQUIBB CO	$290,000	-19.0%	4,900	-8.8%	0.04%	-17.0%
WYNN	Buy	WYNN RESORTS LTD	$268,000	-41.0%	5,050	+9.8%	0.04%	-39.0%
	Sell	AMGEN INC	$243,000	-11.6%	1,755	-2.0%	0.03%	-8.3%
LYG	Exit	LLOYDS BANKING GROUP PLC-SPONS	$0	–	-10,311	–	-0.01%	–
EFA	Exit	ISHARES MSCI EAFE ETFotr	$0	–	-3,182	–	-0.03%	–
LVS	Exit	LAS VEGAS SANDS CORP	$0	–	-4,000	–	-0.03%	–
F	Exit	FORD MOTOR CO DEL	$0	–	-14,830	–	-0.03%	–
CFX	Exit	COLFAX CORP	$0	–	-5,250	–	-0.03%	–
EPD	Exit	ENTERPRISE PRODS PARTNERS LP	$0	–	-9,975	–	-0.04%	–
CYN	Exit	CITY NATIONAL CORP	$0	–	-4,600	–	-0.05%	–
KRFT	Exit	KRAFT FOODS GROUP INC	$0	–	-19,999	–	-0.22%	–
HLX	Exit	HELIX ENERGY SOLUTIONS GROUP	$0	–	-233,638	–	-0.39%	–
PHG	Exit	KONINKLIJKE PHILIPS NV-ADR	$0	–	-131,555	–	-0.44%	–
PCLN	Exit	PRICELINE GROUP INC	$0	–	-5,779	–	-0.87%	–
SNY	Exit	SANOFI SPONS ADR	$0	–	-140,175	–	-0.91%	–
DXJ	Exit	WISDOMTREE JAPAN HEDGED EQ ETFotr	$0	–	-133,094	–	-1.00%	–
FMC	Exit	FMC CORP	$0	–	-259,330	–	-1.78%	–

Q2 2015

			Value		Shares		↓ Weighting
CTBI	New	COMMUNITY TRUST BANCORP INC	$64,376,000	–	1,846,184	–	8.42%	–
JPM	New	JP MORGAN CHASE & CO	$27,799,000	–	410,264	–	3.64%	–
JNJ	New	JOHNSON & JOHNSON	$26,907,000	–	276,089	–	3.52%	–
C	New	CITIGROUP INC	$26,602,000	–	481,571	–	3.48%	–
	New	AMERICAN INTERNATIONAL GROUP	$23,883,000	–	386,325	–	3.12%	–
MSFT	New	MICROSOFT CORP	$21,509,000	–	487,170	–	2.81%	–
GOOG	New	GOOGLE INC CLASS C	$20,693,000	–	39,756	–	2.71%	–
T	New	AT & T INC	$20,527,000	–	577,901	–	2.69%	–
GE	New	GENERAL ELECTRIC CORP	$19,566,000	–	736,415	–	2.56%	–
PG	New	PROCTER & GAMBLE COMPANY	$17,821,000	–	227,772	–	2.33%	–
HCA	New	HCA HOLDINGS INC	$17,240,000	–	190,039	–	2.26%	–
MDT	New	MEDTRONIC PLC	$17,155,000	–	231,508	–	2.24%	–
XOM	New	EXXON MOBIL CORP	$16,873,000	–	202,799	–	2.21%	–
UNH	New	UNITEDHEALTH GROUP INC COM	$16,647,000	–	136,451	–	2.18%	–
ETN	New	EATON CORP PLC	$16,194,000	–	239,946	–	2.12%	–
MKL	New	MARKEL CORPORATION	$15,830,000	–	19,770	–	2.07%	–
GM	New	GENERAL MOTORS CO	$15,199,000	–	456,007	–	1.99%	–
VNTV	New	VANTIV INC -CL A	$15,155,000	–	396,823	–	1.98%	–
M	New	MACY'S INC	$14,961,000	–	221,745	–	1.96%	–
NVS	New	NOVARTIS AG SPONSORED ADR	$14,797,000	–	150,464	–	1.94%	–
WFC	New	WELLS FARGO & CO	$14,798,000	–	263,121	–	1.94%	–
NXPI	New	NXP SEMICONDUCTORS	$14,546,000	–	148,130	–	1.90%	–
PVH	New	PVH CORP	$14,359,000	–	124,645	–	1.88%	–
RF	New	REGIONS FINANCIAL CORP	$14,040,000	–	1,355,227	–	1.84%	–
FMC	New	FMC CORP	$13,628,000	–	259,330	–	1.78%	–
TTE	New	TOTAL S.A. SPONS ADR	$13,593,000	–	276,453	–	1.78%	–
RDSA	New	ROYAL DUTCH-ADR A	$13,234,000	–	232,127	–	1.73%	–
HON	New	HONEYWELL INTL INC	$13,152,000	–	128,985	–	1.72%	–
	New	APPLE INC	$13,087,000	–	104,344	–	1.71%	–
UN	New	UNILEVER N V -NY SHARES	$12,901,000	–	308,338	–	1.69%	–
V	New	VISA INC	$12,847,000	–	191,313	–	1.68%	–
CDW	New	CDW CORP	$10,121,000	–	295,249	–	1.32%	–
DKS	New	DICKS SPORTING GOODS INC	$10,028,000	–	193,706	–	1.31%	–
	New	BOEING CO	$9,877,000	–	71,204	–	1.29%	–
CVS	New	CVS HEALTH CORP	$9,656,000	–	92,067	–	1.26%	–
FDX	New	FEDEX CORPORATION	$9,655,000	–	56,659	–	1.26%	–
PEP	New	PEPSICO INC	$9,615,000	–	103,020	–	1.26%	–
DXJ	New	WISDOMTREE JAPAN HEDGED EQ ETFotr	$7,613,000	–	133,094	–	1.00%	–
AAP	New	ADVANCED AUTO PARTS	$7,604,000	–	47,739	–	1.00%	–
OXY	New	OCCIDENTAL PETE CORP	$7,085,000	–	91,100	–	0.93%	–
SNY	New	SANOFI SPONS ADR	$6,943,000	–	140,175	–	0.91%	–
PCLN	New	PRICELINE GROUP INC	$6,654,000	–	5,779	–	0.87%	–
TEL	New	TE CONNECTIVITY LIMITED	$6,645,000	–	103,345	–	0.87%	–
	New	BERKSHIRE HATHAWAY INC-CL B	$6,553,000	–	48,145	–	0.86%	–
VRX	New	VALEANT PHARMACEUTICALS INTL	$5,575,000	–	25,095	–	0.73%	–
SAMG	New	SILVERCREST ASSET MANAGEMENT G	$5,247,000	–	373,179	–	0.69%	–
UPS	New	UNITED PARCEL SVC INC CL B	$4,387,000	–	45,274	–	0.57%	–
PHG	New	KONINKLIJKE PHILIPS NV-ADR	$3,349,000	–	131,555	–	0.44%	–
IWB	New	ISHARES RUSSELL 1000 ETFotr	$3,034,000	–	26,143	–	0.40%	–
HLX	New	HELIX ENERGY SOLUTIONS GROUP	$2,951,000	–	233,638	–	0.39%	–
KO	New	COCA COLA CO	$2,767,000	–	70,530	–	0.36%	–
MDLZ	New	MONDELEZ INTERNATIONAL INC	$2,468,000	–	60,000	–	0.32%	–
WBA	New	WALGREENS BOOTS ALLIANCE INC	$1,803,000	–	21,356	–	0.24%	–
KRFT	New	KRAFT FOODS GROUP INC	$1,703,000	–	19,999	–	0.22%	–
TEVA	New	TEVA PHARMACEUTICAL INDS LTD A	$1,654,000	–	27,994	–	0.22%	–
	New	ASHLAND INC	$1,569,000	–	12,875	–	0.20%	–
	New	BERKSHIRE HATHAWAY INC CLASS A	$1,434,000	–	7	–	0.19%	–
FCNCA	New	FIRST CTZNS BANCSHARES INC CL	$1,413,000	–	5,373	–	0.18%	–
	New	BANK AMER CORP	$1,357,000	–	79,756	–	0.18%	–
SE	New	SPECTRA ENERGY CORP WI	$1,304,000	–	40,000	–	0.17%	–
GLW	New	CORNING INC COM	$1,267,000	–	64,225	–	0.17%	–
PFE	New	PFIZER INC	$1,175,000	–	35,032	–	0.15%	–
SYK	New	STRYKER CORP	$1,168,000	–	12,225	–	0.15%	–
GOOGL	New	GOOGLE INC CL A	$1,114,000	–	2,062	–	0.15%	–
FISV	New	FISERV INC	$1,073,000	–	12,950	–	0.14%	–
KMB	New	KIMBERLY-CLARK CORP	$1,060,000	–	10,000	–	0.14%	–
CLX	New	CLOROX COMPANY	$1,040,000	–	10,000	–	0.14%	–
DOW	New	DOW CHEM COMPANY	$943,000	–	18,425	–	0.12%	–
WMT	New	WALMART STORES INC	$931,000	–	13,125	–	0.12%	–
COP	New	CONOCOPHILLIPS	$902,000	–	14,681	–	0.12%	–
UTX	New	UNITED TECHNOLOGIES CORP	$854,000	–	7,700	–	0.11%	–
EMR	New	EMERSON ELECTRIC	$827,000	–	14,925	–	0.11%	–
LUK	New	LEUCADIA NATIONAL CORP	$801,000	–	33,000	–	0.10%	–
SLB	New	SCHLUMBERGER LTD	$789,000	–	9,154	–	0.10%	–
	New	AFFILIATED MANAGERS GROUP INC	$776,000	–	3,550	–	0.10%	–
GS	New	GOLDMAN SACHS GROUP INC	$720,000	–	3,450	–	0.09%	–
NKE	New	NIKE INC-CLASS B	$702,000	–	6,500	–	0.09%	–
OMC	New	OMNICOM GROUP	$698,000	–	10,050	–	0.09%	–
ESGR	New	ENSTAR GROUP LTD	$697,000	–	4,500	–	0.09%	–
DIA	New	SPDR DJIA TRUSTotr	$686,000	–	3,900	–	0.09%	–
CAT	New	CATERPILLAR INC	$687,000	–	8,100	–	0.09%	–
GBL	New	GAMCO INVESTORS INC CL A	$670,000	–	9,750	–	0.09%	–
VZ	New	VERIZON COMMUNICATIONS	$655,000	–	14,050	–	0.09%	–
	New	AMERICAN EXPRESS CO	$661,000	–	8,500	–	0.09%	–
FAST	New	FASTENAL CO	$620,000	–	14,700	–	0.08%	–
HAL	New	HALLIBURTON CO	$621,000	–	14,412	–	0.08%	–
BIIB	New	BIOGEN INC	$576,000	–	1,426	–	0.08%	–
	New	BB & T CORP	$571,000	–	14,175	–	0.08%	–
RIO	New	RIO TINTO PLC SPONS ADR	$570,000	–	13,830	–	0.08%	–
BAM	New	BROOKFIELD ASSET MANAGE-CL A	$552,000	–	15,810	–	0.07%	–
WFM	New	WHOLE FOODS MKT INC	$513,000	–	13,000	–	0.07%	–
BFA	New	BROWN FORMAN CORP CL A	$513,000	–	4,605	–	0.07%	–
VNO	New	VORNADO REALTY TRUST REITotr	$494,000	–	5,200	–	0.06%	–
IJH	New	ISHARES CORE S&P MID-CAP ETFotr	$479,000	–	3,191	–	0.06%	–
PCP	New	PRECISION CASTPARTS CORP	$475,000	–	2,375	–	0.06%	–
IGSB	New	ISHARES BARCLAYS 1-3 YEAR CR Eotr	$467,000	–	4,435	–	0.06%	–
IBM	New	INTERNATIONAL BUSINESS MACHINE	$453,000	–	2,782	–	0.06%	–
WYNN	New	WYNN RESORTS LTD	$454,000	–	4,600	–	0.06%	–
DEI	New	DOUGLAS EMMETT INC REITotr	$431,000	–	16,000	–	0.06%	–
EL	New	LAUDER ESTEE COS CL-A	$425,000	–	4,900	–	0.06%	–
CYN	New	CITY NATIONAL CORP	$416,000	–	4,600	–	0.05%	–
CVX	New	CHEVRON CORPORATION	$391,000	–	4,050	–	0.05%	–
CL	New	COLGATE PALMOLIVE	$373,000	–	5,700	–	0.05%	–
TIF	New	TIFFANY & CO	$367,000	–	4,000	–	0.05%	–
BMY	New	BRISTOL MYERS SQUIBB CO	$358,000	–	5,375	–	0.05%	–
DHR	New	DANAHER CORP	$334,000	–	3,900	–	0.04%	–
KMI	New	KINDER MORGAN INC	$320,000	–	8,333	–	0.04%	–
HD	New	HOME DEPOT INC	$296,000	–	2,665	–	0.04%	–
JNK	New	SPDR BARCLAYS CAPITAL HIGH YIEotr	$295,000	–	7,664	–	0.04%	–
EPD	New	ENTERPRISE PRODS PARTNERS LP	$298,000	–	9,975	–	0.04%	–
	New	AMGEN INC	$275,000	–	1,790	–	0.04%	–
CFX	New	COLFAX CORP	$242,000	–	5,250	–	0.03%	–
PCL	New	PLUM CREEK TIMBER CO INC COM	$244,000	–	6,022	–	0.03%	–
ESRX	New	EXPRESS SCRIPTS HLDG	$238,000	–	2,679	–	0.03%	–
F	New	FORD MOTOR CO DEL	$223,000	–	14,830	–	0.03%	–
LVS	New	LAS VEGAS SANDS CORP	$210,000	–	4,000	–	0.03%	–
EFA	New	ISHARES MSCI EAFE ETFotr	$202,000	–	3,182	–	0.03%	–
NRP	New	NATURAL RESOURCE PARTNERS LP	$65,000	–	17,170	–	0.01%	–
LYG	New	LLOYDS BANKING GROUP PLC-SPONS	$56,000	–	10,311	–	0.01%	–

Q4 2014

			Value		Shares		↓ Weighting
LYG	Exit	LLOYDS BANKING GROUP PLC-SPONS	$0	–	-11,412	–	-0.01%	–
ANRZQ	Exit	ALPHA NATURAL RESOURCES, INC.	$0	–	-57,900	–	-0.02%	–
PBSK	Exit	POAGE BANKSHARES INC	$0	–	-13,250	–	-0.03%	–
ETP	Exit	ENERGY TRANSFER PARTNERS LP	$0	–	-3,200	–	-0.03%	–
NRP	Exit	NATURAL RESOURCE PARTNERS LP	$0	–	-16,069	–	-0.03%	–
USB	Exit	US BANCORP NEW	$0	–	-5,360	–	-0.03%	–
PCL	Exit	PLUM CREEK TIMBER CO INC COM	$0	–	-6,022	–	-0.03%	–
LVS	Exit	LAS VEGAS SANDS CORP	$0	–	-4,000	–	-0.04%	–
	Exit	AMGEN INC	$0	–	-1,815	–	-0.04%	–
DD	Exit	DU PONT E I DE NEMOURS & CO	$0	–	-3,745	–	-0.04%	–
V107SC	Exit	WELLPOINT INC	$0	–	-2,328	–	-0.04%	–
HD	Exit	HOME DEPOT INC	$0	–	-3,090	–	-0.04%	–
GLPI	Exit	GAMING AND LEISURE PROPERTIESotr	$0	–	-9,565	–	-0.04%	–
DHR	Exit	DANAHER CORP	$0	–	-3,900	–	-0.04%	–
	Exit	ANNALY CAPITAL MANAGEMENT REIT	$0	–	-29,000	–	-0.04%	–
RF	Exit	REGIONS FINANCIAL CORP	$0	–	-30,402	–	-0.04%	–
	Exit	BP PLC SPONS ADR	$0	–	-7,735	–	-0.05%	–
EL	Exit	LAUDER ESTEE COS CL-A	$0	–	-4,900	–	-0.05%	–
CL	Exit	COLGATE PALMOLIVE	$0	–	-5,700	–	-0.05%	–
4945SC	Exit	KINDER MORGAN ENERGY PARTNERS	$0	–	-4,000	–	-0.05%	–
DEI	Exit	DOUGLAS EMMETT INC REITotr	$0	–	-16,000	–	-0.06%	–
BFA	Exit	BROWN FORMAN CORP CL A	$0	–	-4,760	–	-0.06%	–
EPD	Exit	ENTERPRISE PRODS PARTNERS LP	$0	–	-10,800	–	-0.06%	–
YUM	Exit	YUM! BRANDS INC	$0	–	-6,480	–	-0.07%	–
BAM	Exit	BROOKFIELD ASSET MANAGE-CL A	$0	–	-10,500	–	-0.07%	–
BIIB	Exit	BIOGEN IDEC INC	$0	–	-1,426	–	-0.07%	–
BMY	Exit	BRISTOL MYERS SQUIBB CO	$0	–	-9,610	–	-0.07%	–
WFM	Exit	WHOLE FOODS MKT INC	$0	–	-13,000	–	-0.07%	–
TIF	Exit	TIFFANY & CO	$0	–	-5,250	–	-0.07%	–
LUK	Exit	LEUCADIA NATIONAL CORP	$0	–	-22,000	–	-0.08%	–
VNO	Exit	VORNADO REALTY TRUST REITotr	$0	–	-5,200	–	-0.08%	–
	Exit	BB & T CORP	$0	–	-14,175	–	-0.08%	–
PCP	Exit	PRECISION CASTPARTS CORP	$0	–	-2,375	–	-0.08%	–
LEA	Exit	LEAR CORP	$0	–	-6,604	–	-0.08%	–
SLB	Exit	SCHLUMBERGER LTD	$0	–	-5,750	–	-0.08%	–
ESGR	Exit	ENSTAR GROUP LTD	$0	–	-4,500	–	-0.09%	–
WYNN	Exit	WYNN RESORTS LTD	$0	–	-3,250	–	-0.09%	–
GS	Exit	GOLDMAN SACHS GROUP INC	$0	–	-3,450	–	-0.09%	–
V	Exit	VISA INC	$0	–	-2,972	–	-0.09%	–
CYN	Exit	CITY NATIONAL CORP	$0	–	-8,500	–	-0.09%	–
FAST	Exit	FASTENAL CO	$0	–	-14,700	–	-0.10%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHINE	$0	–	-3,452	–	-0.10%	–
DIA	Exit	SPDR DJIA TRUSTotr	$0	–	-3,900	–	-0.10%	–
RIO	Exit	RIO TINTO PLC SPONS ADR	$0	–	-13,830	–	-0.10%	–
GBL	Exit	GAMCO INVESTORS INC CL A	$0	–	-9,750	–	-0.10%	–
NKE	Exit	NIKE INC-CLASS B	$0	–	-7,750	–	-0.10%	–
OMC	Exit	OMNICOM GROUP	$0	–	-10,050	–	-0.10%	–
	Exit	AFFILIATED MANAGERS GROUP INC	$0	–	-3,550	–	-0.10%	–
	Exit	AMERICAN EXPRESS CO	$0	–	-8,500	–	-0.11%	–
DOW	Exit	DOW CHEM COMPANY	$0	–	-14,750	–	-0.11%	–
CAT	Exit	CATERPILLAR INC	$0	–	-8,100	–	-0.12%	–
UTX	Exit	UNITED TECHNOLOGIES CORP	$0	–	-7,800	–	-0.12%	–
FISV	Exit	FISERV INC	$0	–	-12,950	–	-0.12%	–
F	Exit	FORD MOTOR CO DEL	$0	–	-61,300	–	-0.13%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-12,214	–	-0.14%	–
HAL	Exit	HALLIBURTON CO	$0	–	-14,592	–	-0.14%	–
CLX	Exit	CLOROX COMPANY	$0	–	-10,000	–	-0.14%	–
EMR	Exit	EMERSON ELECTRIC	$0	–	-15,400	–	-0.14%	–
SYK	Exit	STRYKER CORP	$0	–	-12,225	–	-0.14%	–
VZ	Exit	VERIZON COMMUNICATIONS	$0	–	-20,899	–	-0.15%	–
KMB	Exit	KIMBERLY-CLARK CORP	$0	–	-10,000	–	-0.16%	–
	Exit	BANK AMER CORP	$0	–	-64,500	–	-0.16%	–
	Exit	ASHLAND INC	$0	–	-11,650	–	-0.18%	–
WMT	Exit	WALMART STORES INC	$0	–	-16,035	–	-0.18%	–
KRFT	Exit	KRAFT FOODS GROUP INC	$0	–	-21,849	–	-0.18%	–
GLW	Exit	CORNING INC COM	$0	–	-64,225	–	-0.18%	–
WAG	Exit	WALGREEN COMPANY COM	$0	–	-21,533	–	-0.19%	–
GOOG	Exit	GOOGLE INC CLASS C	$0	–	-2,287	–	-0.19%	–
GOOGL	Exit	GOOGLE INC CL A	$0	–	-2,321	–	-0.20%	–
FDX	Exit	FEDEX CORPORATION	$0	–	-8,634	–	-0.20%	–
	Exit	BERKSHIRE HATHAWAY INC CLASS A	$0	–	-7	–	-0.21%	–
TEVA	Exit	TEVA PHARMACEUTICAL INDS LTD A	$0	–	-28,135	–	-0.22%	–
SE	Exit	SPECTRA ENERGY CORP WI	$0	–	-40,000	–	-0.23%	–
CVX	Exit	CHEVRON CORPORATION	$0	–	-14,032	–	-0.24%	–
FCNCA	Exit	FIRST CTZNS BANCSHARES INC CL	$0	–	-9,475	–	-0.30%	–
MDLZ	Exit	MONDELEZ INTERNATIONAL INC	$0	–	-60,000	–	-0.30%	–
PFE	Exit	PFIZER INC	$0	–	-76,992	–	-0.33%	–
FSGI	Exit	FIRST SECURITY GROUP INC	$0	–	-1,459,340	–	-0.42%	–
VRX	Exit	VALEANT PHARMACEUTICALS INTL	$0	–	-25,095	–	-0.48%	–
SAMG	Exit	SILVERCREST ASSET MANAGEMENT G	$0	–	-397,331	–	-0.79%	–
EXXIQ	Exit	ENERGY XXI BERMUDA	$0	–	-506,595	–	-0.84%	–
UPS	Exit	UNITED PARCEL SVC INC CL B	$0	–	-61,254	–	-0.88%	–
NXPI	Exit	NXP SEMICONDUCTORS	$0	–	-96,775	–	-0.97%	–
	Exit	BERKSHIRE HATHAWAY INC-CL B	$0	–	-48,270	–	-0.97%	–
TROX	Exit	TRONOX LTD	$0	–	-300,422	–	-1.14%	–
PEP	Exit	PEPSICO INC	$0	–	-121,270	–	-1.65%	–
FMC	Exit	FMC CORP	$0	–	-198,748	–	-1.66%	–
POT	Exit	POTASH CORP SASK INC	$0	–	-329,950	–	-1.66%	–
DKS	Exit	DICKS SPORTING GOODS INC	$0	–	-262,820	–	-1.68%	–
EEMV	Exit	ISHA MSCI EMERG MKT MIN VOL ETotr	$0	–	-196,624	–	-1.72%	–
PVH	Exit	PVH CORP	$0	–	-97,655	–	-1.73%	–
MKL	Exit	MARKEL CORPORATION	$0	–	-18,793	–	-1.74%	–
DGS	Exit	WISDOMTREE EMERGING MKTS S/C Dotr	$0	–	-262,143	–	-1.77%	–
TGT	Exit	TARGET CORP	$0	–	-193,995	–	-1.78%	–
NTAP	Exit	NETAPP INC	$0	–	-315,515	–	-1.98%	–
	Exit	APPLE INC	$0	–	-137,303	–	-2.02%	–
MDT	Exit	MEDTRONIC INC	$0	–	-233,592	–	-2.11%	–
RDSA	Exit	ROYAL DUTCH-ADR A	$0	–	-191,432	–	-2.13%	–
NVS	Exit	NOVARTIS AG SPONSORED ADR	$0	–	-154,983	–	-2.13%	–
WFC	Exit	WELLS FARGO & CO	$0	–	-308,991	–	-2.34%	–
TTE	Exit	TOTAL S.A. SPONS ADR	$0	–	-256,665	–	-2.42%	–
	Exit	APACHE CORP	$0	–	-176,441	–	-2.42%	–
UNH	Exit	UNITEDHEALTH GROUP INC COM	$0	–	-198,979	–	-2.50%	–
UN	Exit	UNILEVER N V -NY SHARES	$0	–	-442,271	–	-2.56%	–
T	Exit	AT & T INC	$0	–	-499,841	–	-2.57%	–
KO	Exit	COCA COLA CO	$0	–	-414,015	–	-2.58%	–
SNY	Exit	SANOFI SPONS ADR	$0	–	-318,094	–	-2.62%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-192,872	–	-2.65%	–
GM	Exit	GENERAL MOTORS CO	$0	–	-570,078	–	-2.66%	–
PHG	Exit	KONINKLIJKE PHILIPS NV-ADR	$0	–	-586,888	–	-2.72%	–
PG	Exit	PROCTER & GAMBLE COMPANY	$0	–	-233,776	–	-2.86%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-435,810	–	-2.95%	–
GE	Exit	GENERAL ELECTRIC CORP	$0	–	-789,103	–	-2.95%	–
	Exit	AMERICAN INTERNATIONAL GROUP	$0	–	-379,476	–	-2.99%	–
C	Exit	CITIGROUP INC	$0	–	-417,292	–	-3.16%	–
JPM	Exit	JP MORGAN CHASE & CO	$0	–	-399,430	–	-3.51%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-263,557	–	-4.10%	–
CTBI	Exit	COMMUNITY TRUST BANCORP INC	$0	–	-1,806,067	–	-8.87%	–

Q3 2014

			Value		Shares		↓ Weighting
CTBI	Sell	COMMUNITY TRUST BANCORP INC	$60,738,000	-2.7%	1,806,067	-1.0%	8.87%	-6.1%
JNJ	Buy	JOHNSON & JOHNSON	$28,093,000	+3.5%	263,557	+1.6%	4.10%	-0.2%
JPM	Buy	JP MORGAN CHASE & CO	$24,061,000	+6.8%	399,430	+2.2%	3.51%	+3.0%
C	Buy	CITIGROUP INC	$21,624,000	+19.0%	417,292	+8.2%	3.16%	+14.8%
	Buy	AMERICAN INTERNATIONAL GROUP	$20,499,000	+1.8%	379,476	+2.9%	2.99%	-1.8%
GE	Buy	GENERAL ELECTRIC CORP	$20,217,000	+1.0%	789,103	+3.6%	2.95%	-2.6%
MSFT	Buy	MICROSOFT CORP	$20,204,000	+18.6%	435,810	+6.6%	2.95%	+14.3%
PG	Buy	PROCTER & GAMBLE COMPANY	$19,576,000	+9.5%	233,776	+2.8%	2.86%	+5.6%
PHG	Buy	KONINKLIJKE PHILIPS NV-ADR	$18,610,000	+14.1%	586,888	+14.3%	2.72%	+10.0%
GM	Sell	GENERAL MOTORS CO	$18,208,000	-19.5%	570,078	-8.5%	2.66%	-22.4%
XOM	Buy	EXXON MOBIL CORP	$18,140,000	+12.8%	192,872	+20.7%	2.65%	+8.7%
SNY	Buy	SANOFI SPONS ADR	$17,950,000	+19.5%	318,094	+12.6%	2.62%	+15.2%
KO	Buy	COCA COLA CO	$17,662,000	+8.1%	414,015	+7.3%	2.58%	+4.2%
T	Buy	AT & T INC	$17,614,000	+8.6%	499,841	+9.0%	2.57%	+4.7%
UN	Buy	UNILEVER N V -NY SHARES	$17,549,000	-5.6%	442,271	+4.1%	2.56%	-9.0%
UNH	Sell	UNITEDHEALTH GROUP INC COM	$17,162,000	-6.0%	198,979	-10.9%	2.50%	-9.3%
	Buy	APACHE CORP	$16,563,000	+3.8%	176,441	+11.3%	2.42%	+0.1%
TTE	Buy	TOTAL S.A. SPONS ADR	$16,542,000	+2.9%	256,665	+15.2%	2.42%	-0.8%
WFC	Sell	WELLS FARGO & CO	$16,028,000	-14.0%	308,991	-12.8%	2.34%	-17.0%
NVS	Sell	NOVARTIS AG SPONSORED ADR	$14,588,000	-6.8%	154,983	-10.3%	2.13%	-10.1%
RDSA	Sell	ROYAL DUTCH-ADR A	$14,573,000	-13.8%	191,432	-6.7%	2.13%	-16.9%
MDT	Buy	MEDTRONIC INC	$14,471,000	+5.0%	233,592	+8.1%	2.11%	+1.3%
	Buy	APPLE INC	$13,834,000	+763.5%	137,303	+696.4%	2.02%	+731.3%
NTAP	New	NETAPP INC	$13,554,000	–	315,515	–	1.98%	–
TGT	Sell	TARGET CORP	$12,159,000	-4.8%	193,995	-12.0%	1.78%	-8.2%
DGS	Buy	WISDOMTREE EMERGING MKTS S/C Dotr	$12,117,000	+3.6%	262,143	+7.5%	1.77%	-0.1%
MKL	Buy	MARKEL CORPORATION	$11,955,000	+5.4%	18,793	+8.6%	1.74%	+1.6%
PVH	New	PVH CORP	$11,831,000	–	97,655	–	1.73%	–
EEMV	Buy	ISHA MSCI EMERG MKT MIN VOL ETotr	$11,759,000	+9.1%	196,624	+9.6%	1.72%	+5.2%
DKS	Buy	DICKS SPORTING GOODS INC	$11,532,000	+121.6%	262,820	+135.2%	1.68%	+113.6%
POT	Sell	POTASH CORP SASK INC	$11,403,000	-24.2%	329,950	-16.8%	1.66%	-26.9%
FMC	New	FMC CORP	$11,367,000	–	198,748	–	1.66%	–
PEP	Buy	PEPSICO INC	$11,289,000	+24.9%	121,270	+19.9%	1.65%	+20.4%
TROX	Sell	TRONOX LTD	$7,826,000	-36.6%	300,422	-34.6%	1.14%	-38.9%
	Buy	BERKSHIRE HATHAWAY INC-CL B	$6,668,000	+17.7%	48,270	+7.8%	0.97%	+13.4%
NXPI	New	NXP SEMICONDUCTORS	$6,622,000	–	96,775	–	0.97%	–
UPS	Sell	UNITED PARCEL SVC INC CL B	$6,021,000	-5.7%	61,254	-1.5%	0.88%	-9.0%
EXXIQ	Buy	ENERGY XXI BERMUDA	$5,750,000	-45.9%	506,595	+12.6%	0.84%	-47.9%
SAMG	Buy	SILVERCREST ASSET MANAGEMENT G	$5,412,000	-20.0%	397,331	+1.1%	0.79%	-22.9%
FSGI	Sell	FIRST SECURITY GROUP INC	$2,890,000	-53.3%	1,459,340	-48.8%	0.42%	-55.0%
PFE	Buy	PFIZER INC	$2,277,000	+11.7%	76,992	+12.1%	0.33%	+7.4%
FCNCA	Sell	FIRST CTZNS BANCSHARES INC CL	$2,052,000	-11.9%	9,475	-0.3%	0.30%	-14.8%
CVX	Buy	CHEVRON CORPORATION	$1,674,000	+68.8%	14,032	+84.7%	0.24%	+62.7%
TEVA	Buy	TEVA PHARMACEUTICAL INDS LTD A	$1,512,000	+4.2%	28,135	+1.7%	0.22%	+0.5%
FDX	New	FEDEX CORPORATION	$1,394,000	–	8,634	–	0.20%	–
GOOGL	Sell	GOOGLE INC CL A	$1,366,000	-17.3%	2,321	-17.9%	0.20%	-20.4%
GOOG	Sell	GOOGLE INC CLASS C	$1,321,000	-18.6%	2,287	-18.9%	0.19%	-21.5%
WAG	Sell	WALGREEN COMPANY COM	$1,277,000	-20.1%	21,533	-0.1%	0.19%	-23.1%
WMT	Buy	WALMART STORES INC	$1,226,000	+9.1%	16,035	+7.1%	0.18%	+5.3%
	Buy	ASHLAND INC	$1,213,000	+4.2%	11,650	+8.9%	0.18%	+0.6%
	Buy	BANK AMER CORP	$1,100,000	+52.4%	64,500	+37.2%	0.16%	+47.7%
VZ	Buy	VERIZON COMMUNICATIONS	$1,045,000	+3.5%	20,899	+1.3%	0.15%	0.0%
EMR	Sell	EMERSON ELECTRIC	$964,000	-8.4%	15,400	-2.8%	0.14%	-11.3%
HAL	Sell	HALLIBURTON CO	$941,000	-11.0%	14,592	-2.0%	0.14%	-14.4%
COP	Buy	CONOCOPHILLIPS	$935,000	+7.0%	12,214	+19.8%	0.14%	+3.0%
F	Sell	FORD MOTOR CO DEL	$907,000	-14.4%	61,300	-0.3%	0.13%	-17.5%
UTX	Sell	UNITED TECHNOLOGIES CORP	$823,000	-9.0%	7,800	-0.4%	0.12%	-12.4%
DOW	Buy	DOW CHEM COMPANY	$773,000	+21.2%	14,750	+19.0%	0.11%	+16.5%
	Buy	AMERICAN EXPRESS CO	$744,000	+20.6%	8,500	+30.8%	0.11%	+17.2%
	Buy	AFFILIATED MANAGERS GROUP INC	$711,000	+25.8%	3,550	+29.1%	0.10%	+20.9%
NKE	Buy	NIKE INC-CLASS B	$691,000	+48.6%	7,750	+29.2%	0.10%	+44.3%
GBL	Buy	GAMCO INVESTORS INC CL A	$690,000	+10.8%	9,750	+30.0%	0.10%	+7.4%
IBM	Sell	INTERNATIONAL BUSINESS MACHINE	$656,000	-1.4%	3,452	-5.9%	0.10%	-5.0%
CYN	Buy	CITY NATIONAL CORP	$643,000	+30.7%	8,500	+30.8%	0.09%	+27.0%
V	Sell	VISA INC	$634,000	+1.1%	2,972	-0.1%	0.09%	-2.1%
GS	Buy	GOLDMAN SACHS GROUP INC	$633,000	+40.0%	3,450	+27.8%	0.09%	+35.3%
ESGR	Buy	ENSTAR GROUP LTD	$613,000	+16.1%	4,500	+28.6%	0.09%	+11.2%
WYNN	Buy	WYNN RESORTS LTD	$608,000	+17.1%	3,250	+30.0%	0.09%	+12.7%
SLB	Buy	SCHLUMBERGER LTD	$585,000	+3.4%	5,750	+19.8%	0.08%	-1.2%
LEA	Sell	LEAR CORP	$571,000	-96.1%	6,604	-95.9%	0.08%	-96.2%
LUK	Buy	LEUCADIA NATIONAL CORP	$524,000	+17.5%	22,000	+29.4%	0.08%	+11.8%
VNO	Buy	VORNADO REALTY TRUST REITotr	$520,000	+21.8%	5,200	+30.0%	0.08%	+16.9%
TIF	Buy	TIFFANY & CO	$506,000	+26.2%	5,250	+31.2%	0.07%	+21.3%
WFM	New	WHOLE FOODS MKT INC	$495,000	–	13,000	–	0.07%	–
BMY	Sell	BRISTOL MYERS SQUIBB CO	$492,000	-0.4%	9,610	-5.6%	0.07%	-4.0%
BAM	Buy	BROOKFIELD ASSET MANAGE-CL A	$472,000	+34.1%	10,500	+31.2%	0.07%	+30.2%
YUM	New	YUM! BRANDS INC	$466,000	–	6,480	–	0.07%	–
EPD	Buy	ENTERPRISE PRODS PARTNERS LP	$435,000	+0.9%	10,800	+96.4%	0.06%	-1.5%
DEI	Buy	DOUGLAS EMMETT INC REITotr	$411,000	+16.4%	16,000	+28.0%	0.06%	+13.2%
EL	Buy	LAUDER ESTEE COS CL-A	$366,000	+29.8%	4,900	+28.9%	0.05%	+23.3%
	New	BP PLC SPONS ADR	$340,000	–	7,735	–	0.05%	–
	Buy	ANNALY CAPITAL MANAGEMENT REIT	$310,000	+20.6%	29,000	+28.9%	0.04%	+15.4%
GLPI	Buy	GAMING AND LEISURE PROPERTIESotr	$296,000	+21.3%	9,565	+33.3%	0.04%	+16.2%
HD	Sell	HOME DEPOT INC	$284,000	-4.4%	3,090	-15.7%	0.04%	-8.9%
DD	Sell	DU PONT E I DE NEMOURS & CO	$269,000	+4.7%	3,745	-4.5%	0.04%	0.0%
LVS	New	LAS VEGAS SANDS CORP	$249,000	–	4,000	–	0.04%	–
USB	Sell	US BANCORP NEW	$224,000	-66.8%	5,360	-65.6%	0.03%	-67.6%
NRP	Sell	NATURAL RESOURCE PARTNERS LP	$210,000	-24.2%	16,069	-3.9%	0.03%	-26.2%
ETP	New	ENERGY TRANSFER PARTNERS LP	$205,000	–	3,200	–	0.03%	–
PBSK	New	POAGE BANKSHARES INC	$199,000	–	13,250	–	0.03%	–
OESX	Exit	ORION ENERGY SYSTEMS INC	$0	–	-12,500	–	-0.01%	–
PNC	Exit	PNC FINANCIAL SERVICES GROUP	$0	–	-2,404	–	-0.03%	–
AEO	Exit	AMERICAN EAGLE OUTFITTERS INC	$0	–	-124,525	–	-0.21%	–
DEM	Exit	WISDOMTREE EMG MKTS EQ INCOMotr	$0	–	-183,676	–	-1.44%	–
ESV	Exit	ENSCO PLC CL A	$0	–	-214,220	–	-1.80%	–

Q2 2014

			Value		Shares		↓ Weighting
CTBI	New	COMMUNITY TRUST BANCORP INC	$62,403,000	–	1,823,571	–	9.45%	–
JNJ	New	JOHNSON & JOHNSON	$27,131,000	–	259,331	–	4.11%	–
GM	New	GENERAL MOTORS CO	$22,620,000	–	623,133	–	3.42%	–
JPM	New	JP MORGAN CHASE & CO	$22,522,000	–	390,870	–	3.41%	–
	New	AMERICAN INTERNATIONAL GROUP	$20,129,000	–	368,805	–	3.05%	–
GE	New	GENERAL ELECTRIC CORP	$20,014,000	–	761,554	–	3.03%	–
WFC	New	WELLS FARGO & CO	$18,627,000	–	354,389	–	2.82%	–
UN	New	UNILEVER N V -NY SHARES	$18,599,000	–	425,039	–	2.82%	–
UNH	New	UNITEDHEALTH GROUP INC COM	$18,250,000	–	223,241	–	2.76%	–
C	New	CITIGROUP INC	$18,168,000	–	385,744	–	2.75%	–
PG	New	PROCTER & GAMBLE COMPANY	$17,879,000	–	227,496	–	2.71%	–
MSFT	New	MICROSOFT CORP	$17,041,000	–	408,645	–	2.58%	–
RDSA	New	ROYAL DUTCH-ADR A	$16,904,000	–	205,221	–	2.56%	–
KO	New	COCA COLA CO	$16,338,000	–	385,687	–	2.47%	–
PHG	New	KONINKLIJKE PHILIPS NV-ADR	$16,308,000	–	513,474	–	2.47%	–
T	New	AT & T INC	$16,221,000	–	458,739	–	2.46%	–
XOM	New	EXXON MOBIL CORP	$16,084,000	–	159,749	–	2.44%	–
TTE	New	TOTAL S.A. SPONS ADR	$16,079,000	–	222,708	–	2.43%	–
	New	APACHE CORP	$15,954,000	–	158,556	–	2.42%	–
NVS	New	NOVARTIS AG SPONSORED ADR	$15,645,000	–	172,821	–	2.37%	–
POT	New	POTASH CORP SASK INC	$15,048,000	–	396,425	–	2.28%	–
SNY	New	SANOFI SPONS ADR	$15,022,000	–	282,538	–	2.27%	–
LEA	New	LEAR CORP	$14,500,000	–	162,342	–	2.20%	–
MDT	New	MEDTRONIC INC	$13,780,000	–	216,130	–	2.09%	–
TGT	New	TARGET CORP	$12,769,000	–	220,340	–	1.93%	–
TROX	New	TRONOX LTD	$12,350,000	–	459,124	–	1.87%	–
ESV	New	ENSCO PLC CL A	$11,904,000	–	214,220	–	1.80%	–
DGS	New	WISDOMTREE EMERGING MKTS S/C Dotr	$11,695,000	–	243,753	–	1.77%	–
MKL	New	MARKEL CORPORATION	$11,346,000	–	17,305	–	1.72%	–
EEMV	New	ISHA MSCI EMERG MKT MIN VOL ETotr	$10,778,000	–	179,429	–	1.63%	–
EXXIQ	New	ENERGY XXI BERMUDA	$10,628,000	–	449,770	–	1.61%	–
DEM	New	WISDOMTREE EMG MKTS EQ INCOMotr	$9,522,000	–	183,676	–	1.44%	–
PEP	New	PEPSICO INC	$9,040,000	–	101,180	–	1.37%	–
SAMG	New	SILVERCREST ASSET MANAGEMENT G	$6,765,000	–	393,086	–	1.02%	–
UPS	New	UNITED PARCEL SVC INC CL B	$6,382,000	–	62,164	–	0.97%	–
FSGI	New	FIRST SECURITY GROUP INC	$6,189,000	–	2,852,156	–	0.94%	–
	New	BERKSHIRE HATHAWAY INC-CL B	$5,666,000	–	44,770	–	0.86%	–
DKS	New	DICKS SPORTING GOODS INC	$5,203,000	–	111,740	–	0.79%	–
VRX	New	VALEANT PHARMACEUTICALS INTL	$3,165,000	–	25,095	–	0.48%	–
FCNCA	New	FIRST CTZNS BANCSHARES INC CL	$2,328,000	–	9,500	–	0.35%	–
MDLZ	New	MONDELEZ INTERNATIONAL INC	$2,257,000	–	60,000	–	0.34%	–
PFE	New	PFIZER INC	$2,038,000	–	68,662	–	0.31%	–
SE	New	SPECTRA ENERGY CORP WI	$1,699,000	–	40,000	–	0.26%	–
GOOGL	New	GOOGLE INC CL A	$1,652,000	–	2,826	–	0.25%	–
GOOG	New	GOOGLE INC CLASS C	$1,622,000	–	2,819	–	0.25%	–
	New	APPLE INC	$1,602,000	–	17,241	–	0.24%	–
WAG	New	WALGREEN COMPANY COM	$1,598,000	–	21,550	–	0.24%	–
TEVA	New	TEVA PHARMACEUTICAL INDS LTD A	$1,451,000	–	27,677	–	0.22%	–
GLW	New	CORNING INC COM	$1,410,000	–	64,225	–	0.21%	–
AEO	New	AMERICAN EAGLE OUTFITTERS INC	$1,398,000	–	124,525	–	0.21%	–
	New	BERKSHIRE HATHAWAY INC CLASS A	$1,329,000	–	7	–	0.20%	–
KRFT	New	KRAFT FOODS GROUP INC	$1,310,000	–	21,849	–	0.20%	–
	New	ASHLAND INC	$1,164,000	–	10,700	–	0.18%	–
WMT	New	WALMART STORES INC	$1,124,000	–	14,975	–	0.17%	–
KMB	New	KIMBERLY-CLARK CORP	$1,112,000	–	10,000	–	0.17%	–
F	New	FORD MOTOR CO DEL	$1,060,000	–	61,500	–	0.16%	–
HAL	New	HALLIBURTON CO	$1,057,000	–	14,892	–	0.16%	–
EMR	New	EMERSON ELECTRIC	$1,052,000	–	15,850	–	0.16%	–
SYK	New	STRYKER CORP	$1,031,000	–	12,225	–	0.16%	–
VZ	New	VERIZON COMMUNICATIONS	$1,010,000	–	20,640	–	0.15%	–
CVX	New	CHEVRON CORPORATION	$992,000	–	7,598	–	0.15%	–
CLX	New	CLOROX COMPANY	$914,000	–	10,000	–	0.14%	–
UTX	New	UNITED TECHNOLOGIES CORP	$904,000	–	7,830	–	0.14%	–
CAT	New	CATERPILLAR INC	$880,000	–	8,100	–	0.13%	–
COP	New	CONOCOPHILLIPS	$874,000	–	10,194	–	0.13%	–
FISV	New	FISERV INC	$781,000	–	12,950	–	0.12%	–
RIO	New	RIO TINTO PLC SPONS ADR	$751,000	–	13,830	–	0.11%	–
FAST	New	FASTENAL CO	$728,000	–	14,700	–	0.11%	–
	New	BANK AMER CORP	$722,000	–	47,000	–	0.11%	–
OMC	New	OMNICOM GROUP	$716,000	–	10,050	–	0.11%	–
USB	New	US BANCORP NEW	$675,000	–	15,571	–	0.10%	–
IBM	New	INTERNATIONAL BUSINESS MACHINE	$665,000	–	3,670	–	0.10%	–
DIA	New	SPDR DJIA TRUSTotr	$655,000	–	3,900	–	0.10%	–
DOW	New	DOW CHEM COMPANY	$638,000	–	12,400	–	0.10%	–
V	New	VISA INC	$627,000	–	2,975	–	0.10%	–
GBL	New	GAMCO INVESTORS INC CL A	$623,000	–	7,500	–	0.09%	–
	New	AMERICAN EXPRESS CO	$617,000	–	6,500	–	0.09%	–
PCP	New	PRECISION CASTPARTS CORP	$599,000	–	2,375	–	0.09%	–
SLB	New	SCHLUMBERGER LTD	$566,000	–	4,800	–	0.09%	–
	New	AFFILIATED MANAGERS GROUP INC	$565,000	–	2,750	–	0.09%	–
	New	BB & T CORP	$559,000	–	14,175	–	0.08%	–
ESGR	New	ENSTAR GROUP LTD	$528,000	–	3,500	–	0.08%	–
WYNN	New	WYNN RESORTS LTD	$519,000	–	2,500	–	0.08%	–
BMY	New	BRISTOL MYERS SQUIBB CO	$494,000	–	10,185	–	0.08%	–
CYN	New	CITY NATIONAL CORP	$492,000	–	6,500	–	0.07%	–
NKE	New	NIKE INC-CLASS B	$465,000	–	6,000	–	0.07%	–
GS	New	GOLDMAN SACHS GROUP INC	$452,000	–	2,700	–	0.07%	–
BIIB	New	BIOGEN IDEC INC	$450,000	–	1,426	–	0.07%	–
LUK	New	LEUCADIA NATIONAL CORP	$446,000	–	17,000	–	0.07%	–
BFA	New	BROWN FORMAN CORP CL A	$439,000	–	4,760	–	0.07%	–
EPD	New	ENTERPRISE PRODS PARTNERS LP	$431,000	–	5,500	–	0.06%	–
VNO	New	VORNADO REALTY TRUST REITotr	$427,000	–	4,000	–	0.06%	–
TIF	New	TIFFANY & CO	$401,000	–	4,000	–	0.06%	–
CL	New	COLGATE PALMOLIVE	$389,000	–	5,700	–	0.06%	–
DEI	New	DOUGLAS EMMETT INC REITotr	$353,000	–	12,500	–	0.05%	–
BAM	New	BROOKFIELD ASSET MANAGE-CL A	$352,000	–	8,000	–	0.05%	–
4945SC	New	KINDER MORGAN ENERGY PARTNERS	$329,000	–	4,000	–	0.05%	–
RF	New	REGIONS FINANCIAL CORP	$323,000	–	30,402	–	0.05%	–
DHR	New	DANAHER CORP	$307,000	–	3,900	–	0.05%	–
HD	New	HOME DEPOT INC	$297,000	–	3,665	–	0.04%	–
EL	New	LAUDER ESTEE COS CL-A	$282,000	–	3,800	–	0.04%	–
NRP	New	NATURAL RESOURCE PARTNERS LP	$277,000	–	16,729	–	0.04%	–
PCL	New	PLUM CREEK TIMBER CO INC COM	$272,000	–	6,022	–	0.04%	–
DD	New	DU PONT E I DE NEMOURS & CO	$257,000	–	3,920	–	0.04%	–
	New	ANNALY CAPITAL MANAGEMENT REIT	$257,000	–	22,500	–	0.04%	–
V107SC	New	WELLPOINT INC	$251,000	–	2,328	–	0.04%	–
GLPI	New	GAMING AND LEISURE PROPERTIESotr	$244,000	–	7,174	–	0.04%	–
ANRZQ	New	ALPHA NATURAL RESOURCES, INC.	$215,000	–	57,900	–	0.03%	–
	New	AMGEN INC	$215,000	–	1,815	–	0.03%	–
PNC	New	PNC FINANCIAL SERVICES GROUP	$214,000	–	2,404	–	0.03%	–
LYG	New	LLOYDS BANKING GROUP PLC-SPONS	$59,000	–	11,412	–	0.01%	–
OESX	New	ORION ENERGY SYSTEMS INC	$51,000	–	12,500	–	0.01%	–

Q4 2013

			Value		Shares		↓ Weighting
OESX	Exit	ORION ENERGY SYSTEMS INC	$0	–	-12,500	–	-0.01%	–
LYG	Exit	LLOYDS BANKING GROUP PLC-SPONS	$0	–	-21,454	–	-0.02%	–
DUK	Exit	DUKE ENERGY CORP	$0	–	-3,317	–	-0.04%	–
EMR	Exit	EMERSON ELECTRIC	$0	–	-4,000	–	-0.05%	–
PCL	Exit	PLUM CREEK TIMBER CO INC COM	$0	–	-6,022	–	-0.06%	–
BFA	Exit	BROWN FORMAN CORP CL A	$0	–	-4,760	–	-0.06%	–
4945SC	Exit	KINDER MORGAN ENERGY PARTNERS	$0	–	-4,025	–	-0.07%	–
HD	Exit	HOME DEPOT INC	$0	–	-4,542	–	-0.07%	–
ANRZQ	Exit	ALPHA NATURAL RESOURCES, INC.	$0	–	-59,675	–	-0.07%	–
EPD	Exit	ENTERPRISE PRODS PARTNERS LP	$0	–	-6,000	–	-0.08%	–
V	Exit	VISA INC	$0	–	-2,037	–	-0.08%	–
BBT	Exit	BB & T CORP	$0	–	-14,175	–	-0.10%	–
BMY	Exit	BRISTOL MYERS SQUIBB CO	$0	–	-12,175	–	-0.12%	–
PFE	Exit	PFIZER INC	$0	–	-22,052	–	-0.13%	–
USB	Exit	US BANCORP NEW	$0	–	-17,675	–	-0.13%	–
NRP	Exit	NATURAL RESOURCE PARTNERS LP	$0	–	-37,079	–	-0.14%	–
OAK	Exit	OAKTREE CAPITAL GROUP LLC	$0	–	-14,037	–	-0.15%	–
VZ	Exit	VERIZON COMMUNICATIONS	$0	–	-24,680	–	-0.24%	–
KO	Exit	COCA COLA CO	$0	–	-34,192	–	-0.26%	–
AAPL	Exit	APPLE INC	$0	–	-2,731	–	-0.27%	–
T	Exit	AT & T INC	$0	–	-43,762	–	-0.30%	–
FDX	Exit	FEDEX CORPORATION	$0	–	-15,124	–	-0.35%	–
FCNCA	Exit	FIRST CTZNS BANCSHARES INC CL	$0	–	-9,500	–	-0.40%	–
CVX	Exit	CHEVRON CORPORATION	$0	–	-16,500	–	-0.41%	–
GOOGL	Exit	GOOGLE INC CL A	$0	–	-4,641	–	-0.83%	–
SAMG	Exit	SILVERCREST ASSET MANAGEMENT G	$0	–	-362,495	–	-1.01%	–
FSGI	Exit	FIRST SECURITY GROUP INC	$0	–	-2,522,800	–	-1.08%	–
CSCO	Exit	CISCO SYSTEMS INC	$0	–	-227,900	–	-1.09%	–
WMT	Exit	WALMART STORES INC	$0	–	-73,525	–	-1.11%	–
NLY	Exit	ANNALY CAPITAL MANAGEMENT REIT	$0	–	-490,346	–	-1.16%	–
AEO	Exit	AMERICAN EAGLE OUTFITTERS INC	$0	–	-425,390	–	-1.22%	–
VOD	Exit	VODAFONE GROUP ADR	$0	–	-169,344	–	-1.22%	–
OXY	Exit	OCCIDENTAL PETE CORP	$0	–	-66,461	–	-1.27%	–
MKL	Exit	MARKEL CORPORATION	$0	–	-12,785	–	-1.36%	–
MDT	Exit	MEDTRONIC INC	$0	–	-133,095	–	-1.45%	–
MMM	Exit	3M CO	$0	–	-59,404	–	-1.45%	–
EEMV	Exit	ISHA MSCI EMERG MKT MIN VOL ETotr	$0	–	-125,507	–	-1.51%	–
TROX	Exit	TRONOX LTD	$0	–	-326,372	–	-1.64%	–
POT	Exit	POTASH CORP SASK INC	$0	–	-267,115	–	-1.71%	–
DGS	Exit	WISDOMTREE EMERGING MKTS S/C Dotr	$0	–	-179,903	–	-1.72%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-134,918	–	-1.92%	–
APA	Exit	APACHE CORP	$0	–	-111,688	–	-1.95%	–
PEP	Exit	PEPSICO INC	$0	–	-123,354	–	-2.01%	–
F113PS	Exit	COVIDIEN PLC	$0	–	-161,536	–	-2.02%	–
UN	Exit	UNILEVER N V -NY SHARES	$0	–	-266,152	–	-2.06%	–
UPS	Exit	UNITED PARCEL SVC INC CL B	$0	–	-110,571	–	-2.07%	–
WFC	Exit	WELLS FARGO & CO	$0	–	-268,059	–	-2.27%	–
TEVA	Exit	TEVA PHARMACEUTICAL INDS LTD A	$0	–	-296,585	–	-2.30%	–
RDSA	Exit	ROYAL DUTCH-ADR A	$0	–	-172,317	–	-2.32%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-133,562	–	-2.35%	–
C	Exit	CITIGROUP INC	$0	–	-240,911	–	-2.39%	–
AIG	Exit	AMERICAN INTERNATIONAL GROUP	$0	–	-243,540	–	-2.43%	–
NVS	Exit	NOVARTIS AG SPONSORED ADR	$0	–	-155,486	–	-2.44%	–
TTE	Exit	TOTAL S.A. SPONS ADR	$0	–	-207,525	–	-2.46%	–
SNY	Exit	SANOFI SPONS ADR	$0	–	-237,596	–	-2.46%	–
LEA	Exit	LEAR CORP	$0	–	-168,554	–	-2.47%	–
INTC	Exit	INTEL CORP	$0	–	-527,222	–	-2.48%	–
UNH	Exit	UNITEDHEALTH GROUP INC COM	$0	–	-172,437	–	-2.53%	–
PG	Exit	PROCTER & GAMBLE COMPANY	$0	–	-164,808	–	-2.55%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-382,597	–	-2.61%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-157,474	–	-2.80%	–
PHG	Exit	KONINKLIJKE PHILIPS NV-ADR	$0	–	-424,445	–	-2.80%	–
GE	Exit	GENERAL ELECTRIC CORP	$0	–	-646,714	–	-3.16%	–
JPM	Exit	JP MORGAN CHASE & CO	$0	–	-352,160	–	-3.73%	–
GM	Exit	GENERAL MOTORS CO	$0	–	-534,981	–	-3.94%	–
CTBI	Exit	COMMUNITY TRUST BANCORP INC	$0	–	-1,567,557	–	-13.03%	–

Q3 2013

			Value		Shares		↓ Weighting
CTBI	Sell	COMMUNITY TRUST BANCORP INC	$63,627,000	+12.2%	1,567,557	-1.5%	13.03%	+8.4%
GM	Buy	GENERAL MOTORS CO	$19,244,000	+10.9%	534,981	+2.7%	3.94%	+7.1%
JPM	Buy	JP MORGAN CHASE & CO	$18,204,000	+1.5%	352,160	+3.6%	3.73%	-2.0%
GE	Buy	GENERAL ELECTRIC CORP	$15,450,000	+9.2%	646,714	+6.0%	3.16%	+5.4%
PHG	Buy	KONINKLIJKE PHILIPS NV-ADR	$13,688,000	+19.1%	424,445	+0.4%	2.80%	+15.0%
JNJ	Sell	JOHNSON & JOHNSON	$13,652,000	-1.4%	157,474	-2.3%	2.80%	-4.8%
MSFT	Sell	MICROSOFT CORP	$12,733,000	-7.4%	382,597	-3.9%	2.61%	-10.6%
PG	Sell	PROCTER & GAMBLE COMPANY	$12,458,000	-4.3%	164,808	-2.6%	2.55%	-7.6%
UNH	Buy	UNITEDHEALTH GROUP INC COM	$12,348,000	+12.1%	172,437	+2.5%	2.53%	+8.3%
INTC	Buy	INTEL CORP	$12,085,000	+2.9%	527,222	+8.7%	2.48%	-0.7%
LEA	Buy	LEAR CORP	$12,063,000	+18.8%	168,554	+0.4%	2.47%	+14.7%
SNY	Buy	SANOFI SPONS ADR	$12,030,000	+8.3%	237,596	+10.2%	2.46%	+4.6%
TTE	Buy	TOTAL S.A. SPONS ADR	$12,019,000	+23.4%	207,525	+3.8%	2.46%	+19.2%
NVS	Buy	NOVARTIS AG SPONSORED ADR	$11,927,000	+8.5%	155,486	+0.0%	2.44%	+4.8%
AIG	Buy	AMERICAN INTERNATIONAL GROUP	$11,844,000	+31.7%	243,540	+21.0%	2.43%	+27.2%
C	Buy	CITIGROUP INC	$11,687,000	+17.7%	240,911	+16.4%	2.39%	+13.7%
XOM	Buy	EXXON MOBIL CORP	$11,491,000	-1.1%	133,562	+3.9%	2.35%	-4.4%
RDSA	Buy	ROYAL DUTCH-ADR A	$11,318,000	+22.7%	172,317	+19.2%	2.32%	+18.6%
TEVA	Buy	TEVA PHARMACEUTICAL INDS LTD A	$11,205,000	+9.6%	296,585	+13.7%	2.30%	+5.9%
WFC	Sell	WELLS FARGO & CO	$11,077,000	-0.3%	268,059	-0.4%	2.27%	-3.7%
UPS	Sell	UNITED PARCEL SVC INC CL B	$10,103,000	+4.9%	110,571	-0.7%	2.07%	+1.3%
UN	Buy	UNILEVER N V -NY SHARES	$10,039,000	+2.0%	266,152	+6.3%	2.06%	-1.5%
F113PS	Sell	COVIDIEN PLC	$9,844,000	-4.6%	161,536	-1.6%	2.02%	-7.9%
PEP	Sell	PEPSICO INC	$9,807,000	-3.9%	123,354	-1.1%	2.01%	-7.2%
APA	Buy	APACHE CORP	$9,509,000	+317.8%	111,688	+311.3%	1.95%	+303.3%
COP	Sell	CONOCOPHILLIPS	$9,378,000	+14.4%	134,918	-0.4%	1.92%	+10.5%
DGS	Buy	WISDOMTREE EMERGING MKTS S/C Dotr	$8,393,000	+6.1%	179,903	+4.7%	1.72%	+2.5%
POT	New	POTASH CORP SASK INC	$8,355,000	–	267,115	–	1.71%	–
TROX	Buy	TRONOX LTD	$7,987,000	+25.8%	326,372	+3.6%	1.64%	+21.5%
EEMV	Buy	ISHA MSCI EMERG MKT MIN VOL ETotr	$7,370,000	+14.5%	125,507	+11.3%	1.51%	+10.5%
MMM	Sell	3M CO	$7,093,000	-23.9%	59,404	-30.3%	1.45%	-26.5%
MDT	Buy	MEDTRONIC INC	$7,087,000	+10.0%	133,095	+6.4%	1.45%	+6.3%
MKL	Buy	MARKEL CORPORATION	$6,620,000	+11.6%	12,785	+13.6%	1.36%	+7.8%
OXY	Buy	OCCIDENTAL PETE CORP	$6,217,000	+16.4%	66,461	+11.1%	1.27%	+12.5%
VOD	Sell	VODAFONE GROUP ADR	$5,958,000	-15.5%	169,344	-31.0%	1.22%	-18.4%
AEO	Buy	AMERICAN EAGLE OUTFITTERS INC	$5,951,000	+23.4%	425,390	+61.0%	1.22%	+19.2%
NLY	Buy	ANNALY CAPITAL MANAGEMENT REIT	$5,679,000	+12.3%	490,346	+21.9%	1.16%	+8.5%
WMT	Sell	WALMART STORES INC	$5,438,000	-4.7%	73,525	-4.0%	1.11%	-7.9%
CSCO	Sell	CISCO SYSTEMS INC	$5,340,000	-16.0%	227,900	-12.8%	1.09%	-18.9%
FSGI	Buy	FIRST SECURITY GROUP INC	$5,247,000	+18.6%	2,522,800	+23.7%	1.08%	+14.6%
SAMG	New	SILVERCREST ASSET MANAGEMENT G	$4,941,000	–	362,495	–	1.01%	–
GOOGL	Sell	GOOGLE INC CL A	$4,065,000	-10.6%	4,641	-10.1%	0.83%	-13.6%
CVX	Sell	CHEVRON CORPORATION	$2,005,000	-5.6%	16,500	-8.1%	0.41%	-8.9%
FCNCA	Sell	FIRST CTZNS BANCSHARES INC CL	$1,953,000	+1.7%	9,500	-5.0%	0.40%	-1.7%
FDX	Sell	FEDEX CORPORATION	$1,726,000	+10.1%	15,124	-4.9%	0.35%	+6.6%
T	Sell	AT & T INC	$1,480,000	-20.5%	43,762	-16.8%	0.30%	-23.3%
AAPL	Sell	APPLE INC	$1,302,000	-80.2%	2,731	-83.5%	0.27%	-80.9%
KO	Buy	COCA COLA CO	$1,295,000	-5.3%	34,192	+0.3%	0.26%	-8.6%
VZ	Sell	VERIZON COMMUNICATIONS	$1,152,000	-13.3%	24,680	-6.6%	0.24%	-16.3%
OAK	Sell	OAKTREE CAPITAL GROUP LLC	$735,000	-82.1%	14,037	-82.0%	0.15%	-82.7%
NRP	Buy	NATURAL RESOURCE PARTNERS LP	$706,000	+36.8%	37,079	+47.8%	0.14%	+33.0%
USB	Sell	US BANCORP NEW	$647,000	-7.0%	17,675	-8.3%	0.13%	-10.1%
PFE	Buy	PFIZER INC	$633,000	+5.1%	22,052	+2.7%	0.13%	+1.6%
BMY	Sell	BRISTOL MYERS SQUIBB CO	$563,000	-1.7%	12,175	-5.1%	0.12%	-5.7%
V	Sell	VISA INC	$389,000	-6.0%	2,037	-10.2%	0.08%	-9.1%
EPD	Sell	ENTERPRISE PRODS PARTNERS LP	$366,000	-9.4%	6,000	-7.7%	0.08%	-12.8%
ANRZQ	Sell	ALPHA NATURAL RESOURCES, INC.	$356,000	-5.3%	59,675	-16.9%	0.07%	-8.8%
HD	Buy	HOME DEPOT INC	$344,000	-0.3%	4,542	+2.1%	0.07%	-4.1%
4945SC	Buy	KINDER MORGAN ENERGY PARTNERS	$321,000	-6.1%	4,025	+0.6%	0.07%	-9.6%
BFA	Sell	BROWN FORMAN CORP CL A	$315,000	-13.0%	4,760	-11.0%	0.06%	-15.6%
DUK	Sell	DUKE ENERGY CORP	$222,000	-9.4%	3,317	-8.5%	0.04%	-13.5%
MGIC	Exit	MAGIC SOFTWARE ENTERPRISES LTD	$0	–	-25,000	–	-0.03%	–
PNC	Exit	PNC FINANCIAL SERVICES GROUP	$0	–	-4,520	–	-0.07%	–
STI	Exit	SUNTRUST BANKS INC	$0	–	-148,365	–	-0.99%	–
COH	Exit	COACH INC	$0	–	-99,610	–	-1.21%	–
ADM	Exit	ARCHER DANIELS MIDLAND CO	$0	–	-185,030	–	-1.33%	–
TGT	Exit	TARGET CORP	$0	–	-106,555	–	-1.56%	–

Q2 2013

			Value		Shares		↓ Weighting
CTBI	New	COMMUNITY TRUST BANCORP INC	$56,713,000	–	1,592,165	–	12.03%	–
JPM	New	JP MORGAN CHASE & CO	$17,941,000	–	339,852	–	3.80%	–
GM	New	GENERAL MOTORS CO	$17,355,000	–	521,015	–	3.68%	–
GE	New	GENERAL ELECTRIC CORP	$14,149,000	–	610,130	–	3.00%	–
JNJ	New	JOHNSON & JOHNSON	$13,843,000	–	161,226	–	2.94%	–
MSFT	New	MICROSOFT CORP	$13,756,000	–	398,229	–	2.92%	–
PG	New	PROCTER & GAMBLE COMPANY	$13,021,000	–	169,126	–	2.76%	–
INTC	New	INTEL CORP	$11,750,000	–	484,910	–	2.49%	–
XOM	New	EXXON MOBIL CORP	$11,615,000	–	128,561	–	2.46%	–
PHG	New	KONINKLIJKE PHILIPS NV-ADR	$11,494,000	–	422,711	–	2.44%	–
WFC	New	WELLS FARGO & CO	$11,109,000	–	269,183	–	2.36%	–
SNY	New	SANOFI SPONS ADR	$11,108,000	–	215,636	–	2.36%	–
UNH	New	UNITEDHEALTH GROUP INC COM	$11,016,000	–	168,225	–	2.34%	–
NVS	New	NOVARTIS AG SPONSORED ADR	$10,991,000	–	155,438	–	2.33%	–
F113PS	New	COVIDIEN PLC	$10,319,000	–	164,212	–	2.19%	–
TEVA	New	TEVA PHARMACEUTICAL INDS LTD A	$10,222,000	–	260,772	–	2.17%	–
PEP	New	PEPSICO INC	$10,205,000	–	124,768	–	2.16%	–
LEA	New	LEAR CORP	$10,155,000	–	167,950	–	2.15%	–
C	New	CITIGROUP INC	$9,933,000	–	207,056	–	2.11%	–
UN	New	UNILEVER N V -NY SHARES	$9,839,000	–	250,302	–	2.09%	–
TTE	New	TOTAL S.A. SPONS ADR	$9,736,000	–	199,919	–	2.06%	–
UPS	New	UNITED PARCEL SVC INC CL B	$9,630,000	–	111,354	–	2.04%	–
MMM	New	3M CO	$9,325,000	–	85,285	–	1.98%	–
RDSA	New	ROYAL DUTCH-ADR A	$9,221,000	–	144,535	–	1.96%	–
AIG	New	AMERICAN INTERNATIONAL GROUP	$8,993,000	–	201,195	–	1.91%	–
COP	New	CONOCOPHILLIPS	$8,199,000	–	135,523	–	1.74%	–
DGS	New	WISDOMTREE EMERGING MKTS S/C Dotr	$7,908,000	–	171,764	–	1.68%	–
TGT	New	TARGET CORP	$7,337,000	–	106,555	–	1.56%	–
VOD	New	VODAFONE GROUP ADR	$7,049,000	–	245,252	–	1.50%	–
AAPL	New	APPLE INC	$6,581,000	–	16,595	–	1.40%	–
MDT	New	MEDTRONIC INC	$6,440,000	–	125,118	–	1.37%	–
EEMV	New	ISHA MSCI EMERG MKT MIN VOLotr	$6,438,000	–	112,723	–	1.36%	–
CSCO	New	CISCO SYSTEMS INC	$6,359,000	–	261,315	–	1.35%	–
TROX	New	TRONOX LTD	$6,349,000	–	315,085	–	1.35%	–
ADM	New	ARCHER DANIELS MIDLAND CO	$6,274,000	–	185,030	–	1.33%	–
MKL	New	MARKEL CORPORATION	$5,930,000	–	11,253	–	1.26%	–
WMT	New	WALMART STORES INC	$5,706,000	–	76,590	–	1.21%	–
COH	New	COACH INC	$5,687,000	–	99,610	–	1.21%	–
OXY	New	OCCIDENTAL PETE CORP	$5,339,000	–	59,840	–	1.13%	–
NLY	New	ANNALY CAPITAL MANAGEMENT REIT	$5,055,000	–	402,170	–	1.07%	–
AEO	New	AMERICAN EAGLE OUTFITTERS INC	$4,824,000	–	264,194	–	1.02%	–
STI	New	SUNTRUST BANKS INC	$4,684,000	–	148,365	–	0.99%	–
GOOGL	New	GOOGLE INC CL A	$4,546,000	–	5,164	–	0.96%	–
FSGI	New	FIRST SECURITY GROUP INC	$4,425,000	–	2,039,075	–	0.94%	–
OAK	New	OAKTREE CAPITAL GROUP LLC	$4,107,000	–	78,143	–	0.87%	–
APA	New	APACHE CORP	$2,276,000	–	27,155	–	0.48%	–
CVX	New	CHEVRON CORPORATION	$2,125,000	–	17,955	–	0.45%	–
FCNCA	New	FIRST CTZNS BANCSHARES INC CL	$1,920,000	–	10,000	–	0.41%	–
T	New	AT & T INC	$1,862,000	–	52,586	–	0.40%	–
FDX	New	FEDEX CORPORATION	$1,567,000	–	15,905	–	0.33%	–
KO	New	COCA COLA CO	$1,367,000	–	34,092	–	0.29%	–
VZ	New	VERIZON COMMUNICATIONS	$1,329,000	–	26,410	–	0.28%	–
USB	New	US BANCORP NEW	$696,000	–	19,265	–	0.15%	–
PFE	New	PFIZER INC	$602,000	–	21,477	–	0.13%	–
BMY	New	BRISTOL MYERS SQUIBB CO	$573,000	–	12,825	–	0.12%	–
NRP	New	NATURAL RESOURCE PARTNERS LP	$516,000	–	25,079	–	0.11%	–
BBT	New	BB & T CORP	$480,000	–	14,175	–	0.10%	–
V	New	VISA INC	$414,000	–	2,268	–	0.09%	–
EPD	New	ENTERPRISE PRODS PARTNERS LP	$404,000	–	6,500	–	0.09%	–
ANRZQ	New	ALPHA NATURAL RESOURCES, INC.	$376,000	–	71,775	–	0.08%	–
BFA	New	BROWN FORMAN CORP CL A	$362,000	–	5,350	–	0.08%	–
HD	New	HOME DEPOT INC	$345,000	–	4,450	–	0.07%	–
4945SC	New	KINDER MORGAN ENERGY PARTNERS	$342,000	–	4,000	–	0.07%	–
PNC	New	PNC FINANCIAL SERVICES GROUP	$330,000	–	4,520	–	0.07%	–
PCL	New	PLUM CREEK TIMBER CO INC COM	$281,000	–	6,022	–	0.06%	–
DUK	New	DUKE ENERGY CORP	$245,000	–	3,624	–	0.05%	–
EMR	New	EMERSON ELECTRIC	$218,000	–	4,000	–	0.05%	–
MGIC	New	MAGIC SOFTWARE ENTERPRISES LTD	$135,000	–	25,000	–	0.03%	–
LYG	New	LLOYDS BANKING GROUP PLC-SPONS	$82,000	–	21,454	–	0.02%	–
OESX	New	ORION ENERGY SYSTEMS INC	$31,000	–	12,500	–	0.01%	–

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